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Full Description
Behind closed doors, many large companies quietly use their political clout to influence public policy on social and environmental issues - often in a negative direction. This book seeks to create a new norm for responsible political behaviour by corporations. It brings together leading scholars of corporate political responsibility with leading organizations that have been working to support companies in adopting more responsible political practices. The contributors present new evidence on what motivates firms to become more responsible and how markets view corporate 'dark money' spending. They also explain how activists have pressed companies to play a more responsible role in politics. With a particular focus on climate change and the important role of corporate lobbying in supporting or blocking climate policy, this volume leads the way forward for researchers, activists and citizens who seek a future in which corporate political influence is transparent, accountable and responsible.
Contents
Section I. Foundations of CPR: Metrics for Disclosure and Good Governance: 1. The meaning of CPR Thomas P. Lyon; 2. Targeting private sector influence in politics: corporate accountability as a risk and governance problem Bruce F. Freed, William S. Laufer and Karl J. Sandstrom; 3. Measuring corporate political responsibility Thomas P. Lyon and William Mandelkorn; Section II. Transparency: Causes and Consequences: 4. What drives firms to disclose their political activity? Edward T. Walker; 5. Promise and peril: lessons from shareholder reactions to corporate political activity disclosure Timothy Werner; Section III. Accountability: Linking CSR, Employee Relations, and CPR: 6. Responsible lobbyists? CSR commitments and the quality of corporate parliamentary testimony in the UK Alvise Favotto, Kelly Kollman and Fraser McMillan; 7. License to give: the relationship between organizational reputation and stakeholders' support for corporate political activity Samantha Darnell and Mary-Hunter McDonnell; 8. Multinational companies as responsible political actors in global business: challenges and implications for human resource management Andreas Georg Scherer and Christian Voegtlin; Section IV. Responsibility: CPR and Climate: 9. Measuring climate policy alignment: a study of the S&P 100 Yamika Ketu and Steven Rothstein; 10. From Kyoto to Paris: business and climate change David Vogel; 11. Disclosure of political responsibility: the case of climate change Magali A. Delmas and Henry L. Friedman; Section V. Implementing CPR: Opportunities and Challenges: 12. Practitioner views of CPR: towards a new social contract Elizabeth A. Doty.