Openly’s Post

The CPA-Zicklin Model Code of Conduct for Corporate Political Spending was developed to help companies manage the risks associated with election-related spending. It does that by giving them a framework for approaching and governing their spending. The purpose of the Guide is to help companies understand the Model Code's provisions, make them a key part of how they engage in and manage election-related spending, and understand the ways in which they can commit publicly to these goals. Read the Guide: https://lnkd.in/e-mYUEJN

🌟 Embracing Democracy: A Call to Vote! 🌟 As a corporate compliance leader, I understand the vital link between democracy, corporate growth, and industrial progress. Democracy provides the framework for transparent governance, fostering trust and stability crucial for business expansion. Every vote is a voice, shaping the future of our nation and our industries. Let's exercise our right to vote and contribute to a thriving democracy and vibrant corporate landscape! #VoteForProgress #DemocracyMatters 🗳️💼

Collision Course: The Risks Companies Face When Their Political Spending and Core Values Conflict and How To Address Them was published in 2018 by The Center for Political Accountability. This report takes an in-depth look at the consequences of political spending by the largest US public companies over the past decade. It examines how companies' corporate political spending often conflicts with their publicly stated values and the challenges this creates in today's hyper-polarized environment. You can read the report at the following link: https://lnkd.in/dwK23-Ms

How Financial Advisors Can Manage Political Discussions with Clients - 3xEquity https://hubs.la/Q02vNhV50 #financialadvisors #advisortrends

Speaking Truth: The Risks of Challenging Powerful Corporations When we speak out against the military-industrial complex and corporate giants, we face serious repercussions. This video delves into the dangerous landscape for whistleblowers and political candidates, shedding light on why many hesitate to step forward. #TruthToPower #CorporateAccountability #PoliticalCourage #WhistleblowerRisks #MilitaryIndustrialComplex #SocialJustice #SpeakOut #BigPharmaAccountability #CourageInPolitics #ChangeTheSystem

It can be quite beneficial for firms to network with influential politicians. But what happens if these politicians are involved in shady business dealings, use taxpayer funds to finance lavish offices or vacations, are subject to sexual harassment lawsuits, or express homophobic or xenophobic views? To examine this question, Jacco Wielhouwer and I hand-collected a sample of 218 scandals involving members of the U.S. Congress and identified firms that contributed to the scandal politicians’ political action committees. We find that following corruption scandals, connected firms lose about 0.9% in share price, experience negative newspaper coverage, are more likely to receive shareholder proposals on political spending, and reduce their contributions to other (non-scandal) politicians. Overall, our results suggest that connected firms experience losses in reputation that likely stem from concerns about the firms’ financial integrity. I am excited to see this final chapter of my dissertation published (open access) at the Journal of Business Finance & Accounting (https://lnkd.in/epK2WxMH). The complete set of scandals, including event dates, media sources, descriptions, and characteristics of scandal politicians, is available at https://lnkd.in/eP2b5XW7. Thank you to everyone who helped us improve this paper!

What legal action can you take if an allegation is made against your business? With news spreading quicker than ever due to social media, our media expert Marcus Collins explains how businesses can manage claims while also mitigating the risk to their reputation. Read more: https://ow.ly/C49i50SVJ6A

This simple strategy could make our political system work much better, according to Larry Sharpe, candidate for New York governor. With just these three small changes we could give our political system a healthy dose of competition and improve outcomes for the people. Click here to watch the full talk: https://lnkd.in/d5BHv4n3

Very important to learn more about the Corporate Transparency Act, go to swordusa.com

Do you have a policy in place to protect your business from your employees bringing your company into disrepute due to their political activity and/or posting on social media about their political beliefs? With the recent rioting it's definitely one to think about. Ensure that once you have defined a policy you train staff so that they understand the implications. Always here to help. Drop me a line if this situation is something you would like to add to your policy bank.