VideoCorporate Political Responsibility Taskforce

Corporate Political Influence & Threats to Democracy

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On August 26, 2021, we spoke with Jerry Taylor of the Niskanen Center to explore “CPR versus Shareholder Value: Is there Really a Debate?”

As the U.S. wrestles with policies related to COVID-19 safeguards, voting rights and election procedures, fossil fuel divestitures, and more, businesses face pressures both to get more involved and to stay out of societal, civic and political issues--to stick to their core business and building shareholder value. How should they respond?

In this module, we explore:

  • You have said that U.S. democracy is currently facing profound threats. Surely, business has not had a role in that, has it?

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.

The Niskanen Center is a nonpartisan 501(c)(3) think tank that works to promote an open society. As an organization heavily staffed by those who have come out of the world of libertarianism, the Niskanen Center is made up of globalists who share progressives’ desire to robustly address economic and social inequality, liberals’ commitment to toleration and civil liberties, moderates’ embrace of empiricism rather than dogma, conservatives’ belief in the wealth-creating power of free markets, and libertarians’ skepticism about the ability of technocratic elites to solve complex economic and social problems.

Keywords:

#CPRBusinessInvolvement #CPRDemocracy #CPRPractices #CPADistrust #CPRBusinessInvolvement #CPRPoliticalInfluence

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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