VideoCorporate Political Responsibility Taskforce

Businesses' Role in Civic Reform

Lisa Lewin of General Assembly

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On July 22, 2021, we spoke with Lisa Lewin, CEO of General Assembly to explore “Economic Dynamism, Racial Equity & Fatigue: 3 Reasons CPR Matters to CEOs”

Many of the frustrations CEOs are being called on to address are rooted in public distrust in civic institutions. How can business leaders engage with reform groups, and is it their responsibility to participate in these movements?

In this module, we explore:

  • Do you see business actually having a role in civic reform? On what basis?
  • Why is political spending reform a critical priority?
  • Where are the greatest opportunities for positive impact today?

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.

Lisa Lewin is a strategist and operating executive with 25 years of experience leading and advising private, public, and nonprofit sector organizations. She is CEO of General Assembly, a global education company that helps students transform their lives by transforming their careers, providing in-demand digital skills to pivot from low-wage work to high-paying tech jobs. Prior, she held various roles at Pearson and McGraw-Hill, and founded Ethical Ventures, a New York City-based management consulting firm advising some of the world’s most ambitious social enterprises and mission-driven companies.

KEYWORDS: #CorporatePoliticalResponsibility #ESG #SystemicRisk #Injustice #Inequality

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WebsiteCivic Alliance

Civic Alliance assembled a robust playbook for companies to more representatively support a strong democracy. The playbook includes concepts to support one’s business case, questions to ask oneself in building an action plan, and concrete steps to better engage employees, consumers, and other stakeholders.

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This report argues that the private sector has an indispensable and influential role in achieving a future free of racial and economic inequality in the US. Outlines guidelines to help business leaders and stakeholders articulate the need for corporate priorities on equity.

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ArticleHarvard Business Review

Strine and Lund argue that political spending hurts shareholder interests because it increases risks, is not transparent, and correlates with lower financial performance. They make the case that companies should either end all spending, obtain shareholder consent, or limit expenditures to PACs (which are strictly voluntary and have mandated disclosure).

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