The phrase “corporate politics” is about to take on a whole new meaning. Next year is, of course, an election year when presidential and congressional elections will dominate the headlines. What you may not be aware of, however, is that it's set to be a political year in corporate boardrooms as well.
Ever since the 2010 Supreme Court ruling in Citizens United that corporate money could be spent to benefit federal political campaigns, board members, senior executives, and institutional investors have been scrambling to react. Investors have introduced shareowner resolutions calling for governance and disclosure reforms. Boards and senior managements have ...