CCP Releases Research on Activist Investing

Sarah Lee, Communications Director,

Center for Competitive Politics

703.894.6824

ALEXANDRIA, Va. - The Center for Competitive Politics today released a report on Activist Investing intended to dispute claims made by some groups that corporations and businesses should be wary of the “economic risks” posed by engaging in political speech.

The materials, currently posted on CCP’s website are an attempt to document the efforts of some groups to engage in what is known as “corporate democracy,” or the managed and directed attempt to convince businesses that they put themselves at market risk by speaking out politically.

The information released today includes a report by the CCP Legal Department on Activist Investing, a supplemental report by J.W. Verret of the George Mason University Law School and an Issue Toolkit with other information outlining the issue from the perspective of CCP.

 

Filed Under: Corporate Governance Press Release/In the News/Blog, External Relations Press Releases, External Relations Sub-Pages, Press Releases

“Free Speech Song” by Remy Munasifi Brings A Little Country to Free Speech

Multimedia and video producer Remy Munasifi, best known for his hilarious take on what it’s like to ride the Metro in DC, the peculiar truth behind Saudis in Audis, and his rap homage to Arlington, was commissioned by the Center for Competitive Politics to create a few videos related to some of the issues the center believes are important and emerging topics in the current political climate. His first has been completed and is currently posted on the CCP YouTube Channel. “Free Speech Song” is a little country ditty detailing the need to promote and protect the first amendment right of free speech — even when that speech falls short of the popular consensus. 

Filed Under: Blog

An Analysis of Corporate Governance Reforms Proposed in Response to Citizens United to Limit Corporate Political Spending

In the much discussed Citizens United v. FEC case, the Supreme Court overturned existing prohibitions on corporate political expenditures and recognized that outright prohibitions on corporate political spending, on the basis of the speaker’s legal status as a corporation, violate the first amend- ment rights of corporations as legal persons. The opinion was a strong reaffirmation of the status and rights of the corporation.

Filed Under: Contributions & Limits, Corporate Governance, Corporate Governance Research, Disclosure, Research, First Amendment

Issue Toolkit: Corporate Governance & Campaign Finance

Corporations, like unions and other organizations, have a constitutional right to discuss politics. The Supreme Court has explicitly welcomed corporate speech on political topics, including the qualifications of officeholders and candidates. Yet many people would prefer to see corporate political speech excluded from the public debate.

Having lost the constitutional battle, reformers who oppose corporate speech have tried to pass legislation or enact regulations that would make it more difficult for corporations to participate in our political discussions. Those efforts have largely failed.

 

Filed Under: Corporate Governance, Corporate Governance Research, Disclosure, External Relations Sub-Pages, Research, First Amendment

More CCP in the News

Center for Competitive Politics founder Bradley Smith was quoted in several news outlets over the past week, expressing his thoughts on everything from the explosion of the SuperPAC in the run-up to the 2012 election, to the war on Citizens United from the likes of Public Advocate Bill de Blasio and George Soros. From City Hall: “‘Over the past decade, George Soros has been a pervasive force that has outspent the vast majority of American corporations,’ said Brad Smith, the Republican former chairman of the Federal Elections Commission, who runs the conservative Center for Competitive Politics. ‘I don’t know why you would say corporate spending is more corrupt or unequal than that by George Soros. It really seems like a pretense to effectively silence political opposition.’”

 

 

Filed Under: Blog

David H. Padden: Friend of Liberty, R.I.P.

We are saddened to hear of the passing this week of David H. Padden, a Chicago businessman who was on our Board of Advisors here at the Center  for Competitive Politics. Mr. Padden was a warm and gracious gentleman, a highly successful entrepreneur, and a great champion of liberty and of free speech. Mr. Padden supported many pro-freedom groups and organizations, including the Heartland Institute, which he founded and where he served as Chairman for many years. His advice and leadership will be missed, but the United States is freer and more prosperous because of David Padden, and it is hard to leave a more meaningful legacy than that.

Filed Under: Blog

Unions shift views on Citizens United

The Cato Institute’s John Samples released a podcast yesterday discussing the shifting view unions have over the Citizens United decision.

Despite initially lamenting the ruling, unions have been capitalizing  on the same freedoms returned to corporations.  Unions were concerned that the decision would give corporations undue influence in the political process.  Of course, “corporations having undue influence” was another way of complaining “labor unions may lose their comparative advantage in influencing politics because their ability to marshal vast amounts of workers to stump for politicians now has to compete for attention from businesses, who have money to sink into PACs.” 

 

Filed Under: Blog

California Democrats Also Run Out of Their Own Money

-

Filed Under: In the News

The Counter-Reformation: The Fall of Campaign Finance Reform

-

Filed Under: In the News

Win for Patriotic Veterans, Inc

Sarah Lee, Center for Competitive Politics, 703-894-6800, slee@campaignfreedom.org

Paul Jefferson, Partner, Barnes & Thornburg LLP, 317-231-7550, paul.jefferson@BTLaw.com

ALEXANDRIA, Va. - Thanks to a ruling today in federal court, the non-profit group Patriotic Veterans, Inc. can finally begin exercising its political speech rights over the phone.

Judge William T. Lawrence of the United States District Court for the Southern District of Indiana issued an injunction today against enforcement of an Indiana law barring prerecorded telephone calls that contain a political message. Patriotic Veterans argued that the law violates the free speech rights of advocacy organizations like the Illinois-based non-profit, which makes political calls in advance of general elections. Patriotic Veterans is represented by Paul Jefferson of the Indianapolis firm of Barnes & Thornburg, LLP, and the Center for Competitive Politics of Alexandria, Virginia.

The Court held that Federal law preempted the Indiana statutory regulation prohibiting automatic calls.

 

Filed Under: Press Releases