As the 2020 US presidential elections approach, political donations are a hot topic for companies and their customers—and a potential source of reputational risk.
Texas Democrat Beto O'Rourke raised a record-breaking $6.1m in 24 hours. Image: Shutterstock
If there’s one thing certain to cause consternation in US political discourse, it is the source of political funding.
A case in point: In the same week Democratic candidate Beto O’Rourke broke fundraising records, others were writing how he once drew funds from businessmen who had previously donated millions of dollars to Republicans.
The issue now is whether US companies will come clean and reveal the donations they make to politicians and thus dispel concerns about murky funding arrangements. The signs this week, following a raft of statements from high-profile companies, are promising.
Ameriprise Financial, Chubb, Mondelez Int
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda