Corporate Political Responsibility


Book Description

Behind closed doors, many large companies quietly use their political clout to influence public policy on social and environmental issues - often in a negative direction. This book seeks to create a new norm for responsible political behaviour by corporations. It brings together leading scholars of corporate political responsibility with leading organizations that have been working to support companies in adopting more responsible political practices. The contributors present new evidence on what motivates firms to become more responsible and how markets view corporate 'dark money' spending. They also explain how activists have pressed companies to play a more responsible role in politics. With a particular focus on climate change and the important role of corporate lobbying in supporting or blocking climate policy, this volume leads the way forward for researchers, activists and citizens who seek a future in which corporate political influence is transparent, accountable and responsible.




Operations, Compliance, and Accountability in Corporate Political Spending


Book Description

"This symposium posed a series of questions about operations, compliance, ethics, and transparency in corporate political spending (CPS) disclosure. Participants discussed components of strong CPS compliance programs and mechanisms. They also discussed some of the practical problems that responsible executives, including compliance and ethics officers and general counsels, have encountered when dealing with corporate political disclosures. Other topics included crafting corporate political accountability mechanisms and compliance policies to reinforce their effectiveness and ensuring that executives who are responsible for political spending accountability, regardless of their function within management, contribute to the broader public policy goal of achieving greater transparency and accountability in corporate political spending"--Publisher's description.




Rights, Resources and the Politics of Accountability


Book Description

With examples drawn from a wide range of economic and industrial sectors, and from both South and North, this title presents a topical exploration of struggles for accountability in development projects.




Political Power and Corporate Control


Book Description

Why does corporate governance--front page news with the collapse of Enron, WorldCom, and Parmalat--vary so dramatically around the world? This book explains how politics shapes corporate governance--how managers, shareholders, and workers jockey for advantage in setting the rules by which companies are run, and for whom they are run. It combines a clear theoretical model on this political interaction, with statistical evidence from thirty-nine countries of Europe, Asia, Africa, and North and South America and detailed narratives of country cases. This book differs sharply from most treatments by explaining differences in minority shareholder protections and ownership concentration among countries in terms of the interaction of economic preferences and political institutions. It explores in particular the crucial role of pension plans and financial intermediaries in shaping political preferences for different rules of corporate governance. The countries examined sort into two distinct groups: diffuse shareholding by external investors who pick a board that monitors the managers, and concentrated blockholding by insiders who monitor managers directly. Examining the political coalitions that form among or across management, owners, and workers, the authors find that certain coalitions encourage policies that promote diffuse shareholding, while other coalitions yield blockholding-oriented policies. Political institutions influence the probability of one coalition defeating another.




Open Windows


Book Description




Corporate Political Spending


Book Description

For corporations that choose to become involved in the political process, there should be a foundation of core principles, policies, and processes to help ensure a good governance structure for their decisions and to manage the risks that may arise from these activities. This report complements the Handbook on Corporate Political Activity and is intended to help corporations deepen their understanding of issues related to their involvement in the political process and to offer a variety of approaches for political spending, disclosure, and transparency. Its goal is to inform, not instruct, and to highlight viable options, not to advocate a specific agenda.




Power and Accountability


Book Description

Corporations determine far more than any other institution, the air we breathe, the quality of water we drink, even where we live--yet they are not accountable to anyone. Authors Robert Monks and Nell Minow take up the cause of corporate accountability and shareholders rights in this controversial book that is sure to shake up America's corporate power elite.




Moralizing the Corporation


Book Description

Each chapter in this book by itself is a worthy contribution to the existing research on the TNC in a globalised world. In-spire, Journal of Law, Politics and Societies The argument of this book is so powerful and convincing because it focuses on global subpolitics: the corporate (ir)responsibility, the power of its critics, and the consuming citizen. This shift of perspectives and its sophistication makes Moralizing the Corporation a must-read for anyone interested in the dynamics of globalization. Ulrich Beck, University of Munich, Germany Moralizing the Corporation offers a multi-disciplinary analysis of the conflicts between transnational corporations and transnational advocacy groups. The book is theoretically sophisticated and full of interesting and nuanced empirical findings that generate new knowledge about the relationship between politics and markets. It views transnational corporations as quasi-public institutions and explains their vulnerability to the non-state authority of political consumers and protest groups. Holzer develops theory on transnational subpolitics and corporate reflexivity and should be read by scholars and activists alike. Michele Micheletti, University of Stockholm, Sweden This insightful book examines how transnational corporations respond to the challenges of anti-corporate activism and political consumerism. In prominent cases involving major corporations such as Nestlé, Nike and Royal Dutch/Shell, transnational activists have successfully mobilized public opinion and consumers against alleged corporate misdemeanours. Campaigns and boycott calls can harm a corporation s image but, as this book points out, public scrutiny also gives corporations the opportunity to present themselves as responsible and accountable corporate citizens who subscribe to the very norms and values propagated by the activists. Academics, scholars and postgraduate students in international business management, organization studies, social movement studies and political sociology will find this book invaluable.




Democratic Governance and Economic Performance


Book Description

Conventional wisdom warns that unaccountable political and business agents can enrich a few at the expense of many. But logically extending this wisdom implies that associated principals – voters, consumers, shareholders – will favor themselves over the greater good when ‘rules of the game’ instead create too much accountability. Democratic Governance and Economic Performance rigorously develops this hypothesis, and finds statistical evidence and case study illustrations that democratic institutions at various governance levels (e.g., federal, state, corporation) have facilitated opportunistic gains for electoral, consumer, and shareholder principals. To be sure, this conclusion does not dismiss the potential for democratic governance to productively reduce agency costs. Rather, it suggests that policy makers, lawyers, and managers can improve governance by weighing the agency benefits of increased accountability against the distributional costs of favoring principal stakeholders over more general economic opportunities. Carefully considering the fundamentals that give rise to this tradeoff should interest students and scholars working at the intersection of social science and the law, and can help professionals improve their own performance in policy, legal, and business settings.