VideoCorporate Political Responsibility Taskforce

Today’s Window of Opportunity for Action

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On September 30, 2021, we spoke with Chris Padilla, Vice President, Government & Regulatory Affairs at IBM to explore “A Different Approach to Influence: Non-Giving as a Viable Government Relations Strategy.”

As pressure on companies to engage with climate change and social issues increases, a window of opportunity emerges for companies to act. As employees, customers, and shareholders demand certain actions, political responsibility has become a business issue. How can companies take advantage of this active socio-political context?

In this module, we explore:

  • What does this window of opportunity mean for companies?
  • Does business really have a legitimate role in political reform?

The Corporate Political Responsibility Taskforce (CPRT)’s Expert Dialogues are in-depth, recorded conversations with academic experts, stakeholder advocates and business practitioners to provide our members and other CPR champions with the expertise and context they need to develop principled, proactive CPR strategies. We invite those interested in a constructive, non-partisan, principles-based discussion.

Christopher A. Padilla leads IBM's global government affairs team of more than 100 professionals in thirty six countries. His team represents IBM’s interests before governments worldwide on such issues as cyber security policy, taxation, trade, intellectual property rights, workforce and education policy, and government procurement. He is also responsible for corporate compliance with export controls, economic sanctions, and customs regulations. He has been named one of Washington’s Top Corporate Lobbyists by The Hill newspaper.

Keywords: #CPRBusinessCase #CPAExternalCommunications #CPAEmployeeCommunications #CorporatePoliticalResponsibility #CPRProcessessStakeholders #CPRFramework

More Resources

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ReportAccountAbility, UN Global Compact

This guide provides a framework for companies and NGO's to use to determine whether their lobbying practices are responsible.

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BookBerrett Koehler

The book opens by establishing the minimum expectation that businesses support the right rules of the game—those rewarding long-term value creation rather than destruction—and shows how companies can live their values through cross-sector collaboration, eco-efficiency, and strategies advancing prosperity, planet, and people, supported by real-world cases.

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ArticleMIT Sloan

Presents a framework for when companies should present forceful or tempered political positions based on their publicly stated values and materiality.

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Website

The Long-Term Stock Exchange (LTSE) listing standards include expectations that companies will take responsibility for long-term decision-making across strategy, governance, executive compensation, stakeholder engagement, and investor relations. These standards are designed to help businesses build sustainable value over time for all stakeholders, rather than focusing on short-term gains, allowing investors to better assess long-term capital investments.

 

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