ArticleCenter for Political Accountability

The New Rules of Political Spending Oversight

What It Is: A June 2026 Directors & Boards article documenting how corporate political spending oversight has shifted from a government-relations function to a board-level governance priority, citing the CPA-Zicklin Index's tracking of disclosure practices at major public companies. 

Why It Matters: Companies rated "trendsetters" for political spending disclosure and board oversight grew from 28 to 112 over the past decade — a 400% increase — reflecting a shift toward Accountability and Transparency achieved through "private ordering" (companies self-regulating) rather than government mandate. 

How to Use It: Use this to benchmark your company's political spending policy against the CPA-Zicklin Framework, and to make the case to your board that comprehensive disclosure is now mainstream practice, not an outlier position. 

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VideoCorporate Political Responsibility Taskforce
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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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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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ReportEuropean Financial Reporting Advisory Group (EFRAG)

ESRS G1 sets mandatory disclosure requirements on business conduct, covering corporate culture, supplier relationships, anti-corruption and bribery, whistleblower protection, political influence and lobbying, and payment practices, especially toward SMEs. It links governance and conduct to impact, risk, and opportunity management, making companies explain how business behavior supports transparent, sustainable practices for all stakeholders. 

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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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ReportBeneficial State Foundation

The Equitable Bank Standards define a comprehensive framework for banks across five areas: governance, lending and investments, products and services, operational practices, and corporate citizenship. They lay out concrete standards for maximizing positive social and environmental impact while minimizing harm, guiding bankers, regulators, advocates, and customers in assessing whether finance advances equity and community well-being.

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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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ArticleChatham House

Using the exodus of companies from Russia due to the war against Ukraine, Bennett argues that, with influential economic power worldwide, multinational companies should consider a new geopolitical corporate responsibility to help support international rules-based order when it is under stress or faces challenges. He explains that this order defines the international community in which nations should respect individual sovereignty and obey the law. 

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ReportFCLTGlobal and EY

This brief provides a practical conversation guide for boards and executives to understand, assess, and act on geopolitical risk. Using a “scan–focus–act” framework, it offers structured questions on stakeholder impacts, long-term strategy, enterprise risk management, and governance changes. It reframes geopolitics as a manageable, board-level responsibility central to resilience and long-term value creation.

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The article maps out a non-partisan, principled conception of good corporate citizenship drawing on shared assumptions of the right and the left about the place of corporations in our society and the realities of corporate governance. That conception concentrates on how corporations’ own conduct affects the best interests of their stockholders, workers, communities of operation, consumers, taxpayers, and the environment. 

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WebsiteThe Hoover Institute

This initiative explores how clear, stable legal systems support freedom, innovation, and economic growth—laying the groundwork for healthy markets and democratic institutions.

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