Bruce F. Freed is President, Karl J. Sandstrom is counsel, and Dan Carroll is Vice President for Programs at the Center for Political Accountability. This post is based on their CPA memorandum. Related research from the Program on Corporate Governance includes Shining Light on Corporate Political Spending by Lucian Bebchuk and Robert J. Jackson Jr., (discussed on the Forum here) and The Untenable Case for Keeping Investors in the Dark by Lucian Bebchuk, Robert J. Jackson Jr., James David Nelson, and Roberto Tallarita (discussed on the Forum here).
How has the Trump presidency impacted corporate political disclosure and accountability? The answer might come as a surprise. It’s been a boon and a boom.
Over the past four years, more large publicly held U.S. companies than ever before have adopted sound transparency and oversight practices for their political spending. This trend has strengthened between the 2016 presidential election and next month’s, according to the 2020 CPA-Zicklin Index released this month.
The annual benchmarking of the S&P 500 companies is conducted by the Center for Political Accountability and The Wharton School’s Zicklin Center for Business Ethics Research. It rates the largest U.S. public companies for their political disclosure and accountability and includes these major findings: