Corporate Political Activities Deskbook
Corporate Political Activities Deskbook

Author: Kenneth A. Gross

Publisher:

Published: 2018-11-06

Total Pages: 0

ISBN-13: 9781402431203

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Corporate Political Activities Deskbook provides a thorough grounding in the current state of the law on federal and state campaign finance, pay-to-play, lobbying, and gift compliance. It serves as a practical manual for in-house attorneys who advise corporations about involvement in the political process.After describing the impact of the U.S. Supreme Court decisions in Citizens United--that began the expansion of permitted corporate speech in the political realm--and McCutcheon v. FEC--that expanded the exemption further, the book examines thoroughly the Federal Election Campaign Act (FECA) requirements, federal lobbying and gift rules, the Foreign Agents Registration Act, and practice and appearances before the FEC. The Deskbook includes an overview of state lobbying, gift, placement agent rules and pay-to-play rules as well as the federal pay-to-play rules (MSRB Rule G-37, SEC Rule 206(4)-5 and FINRA's proposed pay-to-play rule).Appendices include model documents, such as sample PAC bylaws, a PAC contribution card, a resolution for establishing a PAC, as well as a summary chart of the corporate, PAC and individual contribution limits in each of the 50 states.Corporate Political Activities Deskbook provides practical examples of best practices and "dos and don'ts." In many cases, the suggestions go beyond the black letter requirements to incorporate advice that can help corporations utilize the available avenues of interacting with the government while avoiding negative press, and public as well as legal regulatory attention.

Corporate Lobbying and Accounting Conservatism
Corporate Lobbying and Accounting Conservatism

Author: Hiu Leong Tsang

Publisher:

Published: 2008

Total Pages: 156

ISBN-13:

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Firms engage in lobbying activities to shape and achieve their strategic goals. Using corporate lobbying spending data for the years between 2000 and 2004, I examine the association between corporate lobbying activities and accounting conservatism. Firms that lobby intensely are more likely to be subject to public and Congressional scrutiny. As such, I hypothesize and find that corporate lobbying activity is positively associated with accounting conservatism after controlling for the demand for accounting conservatism documented in prior studies; i.e., contracting, litigation, tax, and regulatory demands. In addition, I show that the positive association between lobbying and accounting conservatism is more pronounced for firms with high media exposure, firms operating in states with high levels of lobbying regulations, and firms that hire high-profile professional lobbying firms. Results of this study are consistent with the political cost hypothesis and support the argument that firms engaged in lobbying activities use accounting conservatism to mitigate political costs arising from the increased likelihood of public and Congressional scrutiny.

The Business of America is Lobbying
The Business of America is Lobbying

Author: Lee Drutman

Publisher:

Published: 2010

Total Pages: 380

ISBN-13:

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Why does corporate lobbying in Washington, DC continue to expand, year after year? What are companies lobbying for, and why? And what, if anything, can the patterns of activity tell us about both the impact corporate lobbying is having and the ways in which the political economy of the United States is changing? I argue that the modern growth of corporate lobbying reflects a path-dependent learning process. Companies may come to Washington for many different reasons, but the act of establishing an office sets in motion several reinforcing processes that make companies value lobbying more and more over time and that lead companies to become more proactive in their political strategies. Lobbyists teach managers about the importance of being politically active and help to point out (and sometimes even create) new opportunities for lobbying. Managers gain more comfort and confidence in their ability to influence outcomes, and they start to see participation as both more appropriate and more valuable. Success breeds success. The overall effect is that American businesses, once skeptical of government, cautious about getting involved in politics, and reactive in their strategies, have now become increasingly confident, proactive, and aggressive in their lobbying efforts, and businesses are increasingly seeing government policy as not just a threat, but also as a tool. More and more companies are discovering that Washington matters to their business, and those who do are sticking around and increasing their political capacities. As a result, corporate lobbying activity is likely to continue to expand for the foreseeable future, with large corporations playing an increasingly central role in the formulation of national policies. My findings are based on original interviews with 60 corporate and trade association lobbyists and complete lobbying histories of every company in the S & P 500 between1981 and 2005. This dissertation combines both rich qualitative descriptions and rigorous large-N data analysis.