The immediate and unprecedented success of the new proposal on climate-related lobbying emphasizes that companies need to match their climate-related statements and commitments with consistent action on the policy front. At the same time, proposals on political contributions are evolving and are starting to ask firms how their political expenditures align with their stated corporate values and policies. Moreover, proposals on traditional lobbying will remain an area of tension between shareholders and companies, especially those whose lobbying efforts contrast with their positions on broader environmental and social (E&S) issues.
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Three corporate political activity proposals from the 2021 proxy season explained
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Corporate political
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