2008 Nationwide Survey Members of Boards of Directors Attitudes & Awareness: Campaign Finance Laws, Corporate Oversight of Political Spending and Activity.

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Presentation transcript:

2008 Nationwide Survey Members of Boards of Directors Attitudes & Awareness: Campaign Finance Laws, Corporate Oversight of Political Spending and Activity & Proposed Reform

Mason-Dixon Polling & Research2 Research Objectives To document, measure and better understand; Level of political activity of board members The perceived importance and impact of corporate political activity Level of familiarity and knowledge of campaign finance laws as they relate to corporations. Internal reporting & processes related to corporate political activity Perceived level of risk associated with corporate political activity Degree of support for specific reform proposals regarding disclosure and board oversight of corporate political activity

Mason-Dixon Polling & Research3 Methodology A total of 255 members of boards of directors of Russell 2000 companies were interviewed by telephone. Interviews were conducted between February 4 – 15, Margin of error is 6%. 57% were internal/management board members, 43% independent/outside. Employed several batteries of ‘Likert Scale’ questions to measure both attitude and intensity.

Mason-Dixon Polling & Research4 Findings

Mason-Dixon Polling & Research5 Level of Political Activity of Boards of Directors

Mason-Dixon Polling & Research6 Political Activity by Boards of Directors AdvocacyFundraising Changes in level of involvement

Mason-Dixon Polling & Research7 Pressure to Contribute? (not so much)

Mason-Dixon Polling & Research8 Importance & Impact of Corporate Political Advocacy & Fundraising

Mason-Dixon Polling & Research9 The Imperative of Corporate Political Activity (?)

Mason-Dixon Polling & Research10 Impact of Political Advocacy & Spending by Companies

Mason-Dixon Polling & Research11 Familiarity & Tested Knowledge of Campaign Finance Law Relating to Corporations

Mason-Dixon Polling & Research12 Familiarity with Campaign Finance Laws & Own Company Political Activities

Mason-Dixon Polling & Research13 Knowledge of Current Campaign Finance Laws Relating to Corporations & Trade Associations CORP. REQUIRED TO DISCLOSE ALL POLITICAL SPENDING PERCENTAGE NOT KNOWING CURRENT LAWS TRADE ASSOC. REQUIRED TO DISCLOSE MEMBERSHIP AND CANDIDATES & ORG. THAT BENEFIT FROM POLITICAL EXPENDITURES 501c4s REQUIRED TO DISCLOSE MEMBERSHIP AND CANDIDATES & ORG. THAT BENEFIT FROM POLITICAL EXPENDITURES BOARDS REQUIRED TO APPROVE & OVERSEE POLITICAL EXPENDITURES

Mason-Dixon Polling & Research14 Current Internal Reporting & Processes Related to Corporate Political Activity Confidence with their own company’s policies and oversightCode of conduct or other policies to govern political activity Company provides directors with reports on political spending

Mason-Dixon Polling & Research15 Attitudes about Corporate Political Activity & Risk Legal risk & risk to reputation Impact of recent corporate scandals Necessity of reform

Mason-Dixon Polling & Research16 Support for Specific Reform Proposals Disclosure of Contributions

Mason-Dixon Polling & Research17 Support for Specific Reform Proposals Oversight & Process

Mason-Dixon Polling & Research18 The Burden & Cost of Reform (again, not so much)

2008 Nationwide Survey Members of Boards of Directors Attitudes & Awareness: Campaign Finance Laws, Corporate Oversight of Political Spending and Activity & Proposed Reform