Sidley’s “Tips for Responding To Corporate Political Disclosure Shareholder Proposals” provides sound guidance to companies on how to reduce the likelihood of being targeted with a political contributions / lobbying proposal and how to respond in the event such a proposal is received. Notably, the firm identifies potential risks to the company associated with simply capitulating (under pressure) to overly burdensome or intrusive demands, and provides a good example of how this may play out with reference to one of the tenets of the CPA’s Model Code of Conduct for Corporate Political Spending.
Access additional resources on our Political Contributions and Disclosure page.
This post first appeared in the weekly Society Alert!