As challenging as social issues are for public companies, political issues may be even more sensitive – particularly across a company’s workforce. Just as there must be processes and protocols in place for responding to social issues, boards and management teams need to establish frameworks around taking political positions as a company.
In Part 2 of this series, Paul Washington, Executive Director, Environmental, Social and Governance Center, The Conference Board, discusses the key factors involved in issuing a public response to political issues:
- What criteria should boards and management teams use to determine if the corporation should take a position and issue a public response?
- What best practices can companies follow if they do decide to issue a public response?
Read The Conference Board’s Report – Companies Face a New Era of Scrutiny on Political Activity