The Ethics of Corporate Political Spending

In a recent blog post on The Hill calling for the SEC to adopt a new rule on disclosure of public companies’ political spending, the authors wrote:

If money from our business accounts is used for political spending, we’d better well know about it. It would be a sign of dangerously poor management if we did not. Yet, under current practice corporate funds can be spent in exactly this way, without the owners’ knowledge, at the largest public companies in America. [thehill.com]

Business & Society has published a new Special Issue: The Governance Challenges of Corporate Political Activity. In the article titled “Corporate Dystopia: The Ethics of Corporate Political Spending,” Miguel Alzola of Fordham University wrote:

This article is concerned with the moral permissibility of corporate political activities under the existing legal framework in the United States. The author unpacks and examines the standard case for and against the involvement of business in lobbying and electoral activities. And the author provides six objections against the standard arguments and proposes that the wrongness of corporate political activities does not have much to do with its BAS_v50_72ppiRGB_150pixWpotential social consequences but rather with nonconsequentialist considerations. The author’s ultimate aim is to make sense of the intuition that corporate political spending is morally objectionable. The author argues that his case against corporate political spending fares better than the standard case. What is wrong with the current system of regulation of corporate lobbying and campaign finance is that it is inconsistent with the principles of political equality and consent. By taking advantage of this unfair regulatory framework, business firms are making a contribution to undermine the basis of a robust democratic regime at both the societal and the corporate level.

Continue reading the article online in Business & Society, and browse the rest of the Special Issue here.

This entry was posted in Ethics, Politics and tagged , , , , by Cynthia Nalevanko, Editor, Management INK. Bookmark the permalink.

About Cynthia Nalevanko, Editor, Management INK

Founded in 1965, SAGE is the world’s leading independent academic and professional publisher. Known for our commitment to quality and innovation, SAGE has helped inform and educate a global community of scholars, practitioners, researchers, and students across a broad range of subject areas. With over 900 employees globally from principal offices in Los Angeles, London, New Delhi, Singapore, and Washington DC, our publishing programme includes more than 560 journals and over 800 books, reference works and databases a year in business, humanities, social sciences, science, technology and medicine. Believing passionately that engaged scholarship lies at the heart of any healthy society and that education is intrinsically valuable, SAGE aims to be the world’s leading independent academic and professional publisher. This means playing a creative role in society by disseminating teaching and research on a global scale, the cornerstones of which are good, long-term relationships, a focus on our markets, and an ability to combine quality and innovation. Leading authors, editors and societies should feel that SAGE is their natural home: we believe in meeting the range of their needs, and in publishing the best of their work. We are a growing company, and our financial success comes from thinking creatively about our markets and actively responding to the needs of our customers.

2 thoughts on “The Ethics of Corporate Political Spending

  1. Hello! My name is Brian Patterson and I work with TradingAcademy.com

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    • Thank you for your interest in our article on The Ethics of Corporate Political Spending
      on Management INK! As per copyright standards, all of our imagery is accompanied by the appropriate permissions, and can be found directly below the used image. We hope you continue to enjoy Management INK and all the publications SAGE has to offer.

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