2008 Nationwide Survey Members of Boards of Directors Attitudes & Awareness:
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2008Nationwide Survey
Members of Boards of Directors
Attitudes & Awareness:Campaign Finance Laws,
Corporate Oversight of Political Spending and Activity&
Proposed Reform
Zicklin Center for Business Ethics Research
CENTERFOR POLITICALACCOUNTABILITY
QuickTime™ and a decompressor
are needed to see this picture.
Mason-Dixon Polling & Research 2
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 & Research 3
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, 2008.
• 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 & Research 4
Findings
Mason-Dixon Polling & Research 5
Level of Political Activity
of
Boards of Directors
Mason-Dixon Polling & Research 6
Political Activity by Boards of Directors
AdvocacyFundraisingChanges in level of involvement
Mason-Dixon Polling & Research 7
Pressure to Contribute?
(not so much)
Mason-Dixon Polling & Research 8
Importance & Impact of Corporate Political Advocacy & Fundraising
Mason-Dixon Polling & Research 9
The Imperative of Corporate Political Activity (?)
Mason-Dixon Polling & Research 10
Impact of Political Advocacy & Spending by Companies
Mason-Dixon Polling & Research 11
Familiarity & Tested Knowledge of
Campaign Finance Law Relating to Corporations
Mason-Dixon Polling & Research 12
Familiarity with Campaign Finance Laws & Own Company Political Activities
Mason-Dixon Polling & Research 13
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 & Research 14
Current Internal Reporting & Processes Relatedto Corporate Political Activity
Confidence with their own company’s policies and oversightCode of conduct or other policies to govern political activityCompany provides directors with reports on political spending
Mason-Dixon Polling & Research 15
Attitudes about Corporate Political Activity & Risk
Legal risk & risk to reputationImpact of recent corporate scandalsNecessity of reform
Mason-Dixon Polling & Research 16
Support for Specific Reform Proposals
Disclosure of Contributions
Mason-Dixon Polling & Research 17
Support for Specific Reform Proposals
Oversight & Process
Mason-Dixon Polling & Research 18
The Burden & Cost of Reform
(again, not so much)
2008Nationwide Survey
Members of Boards of Directors
Attitudes & Awareness:Campaign Finance Laws,
Corporate Oversight of Political Spending and Activity&
Proposed Reform
Zicklin Center for Business Ethics Research
CENTERFOR POLITICALACCOUNTABILITY
QuickTime™ and a decompressor
are needed to see this picture.