As Trump leaves the White House, tough questions remain about whether CEOs should take a stand on political issues.
This week Washington is the scene of Joe Biden’s inauguration as the 46th president of the United States. His ascendancy comes just two weeks after insurrectionists, incited by Donald Trump, violently stormed the Capitol to halt the official confirmation of November’s presidential election results. The event sent shockwaves not only through US politics but across the world, as viewers watched events unfold live on TV. But the mob’s behaviour also sent reverberations through corporate America, forcing many boardroom leaders to consider where they stood, with many taking policy decisions—the most high-profile example being Twitter banning Trump—or issuing statements to signal where they stand. Given the way corporates both lobby and donate to politicians, board leaders find themselves facing tough questions about how to navigate a political landscape that is in turmoil. Should corporate leaders get involved in politics? What are the risks? Finding an answer is no easy task