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Drawing The Line Between Personal Politics & Corporate Policy – Forbes

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Increasingly corporations are being asked to comment on social and political issues. This raises a host of questions that the company needs to purposefully think about.

There are many constituencies who are asking a company’s CEO and leadership teams to comment on a wide array of issues.

Employees, customers, and investors may or may not want insight on a company’s philosophy and stance on high visibility issues.

The social concept of a corporation really came to the forefront with the death of George Floyd as well as subsequent major issues. This triggered deep focus on DEI and forced companies to focus and ask themselves if they really understood the black American experience.

Another recent issue has been the war in Ukraine, companies were expected to take a stance by employees and other stakeholders and publicly state whether they would continue to do business with Russia.

Another hot button topic corporations have had to contend with is Roe v. Wade.

Boards have to ask themselves what the upside of opening Pandora’s box of political division by commenting on highly charged social /political issues is?

It is more important than ever to take the time to have a deep internal discussion with the CEO, leadership team and boards to create a framework and policy on when and if the company will comment. This allows for a thoughtful approach without the emotion of feeling like you must respond the moment there is a big issue in the news cycle.

When considering whether to comment on a particular topic, ask yourself:

– Is this core to your business?

– Which constituencies are most activated / impacted by this issue?

– Is this an issue that pertains to company policy, employees, customers, investors, or some material aspect of the business? Or is it an issue of personal politics?

– How divisive/polarizing is the issue?

– Is it mandatory or optional to comment?

Companies such as Amazon
AMZN
, Yelp, JPMorgan, Dell have responded to Roe V. Wade by quickly expanding healthcare benefits for employees. Some companies are upgrading insurance plans to cover contraceptives and allowed for Flexible Spending Accounts to pay for reproductive health procedures.

Interestingly, according to the Conference Board, only about 10% of companies have taken a public position on this issue whereas about 51% of companies surveyed made an internal announcement. Companies need to think carefully about which issue requires an external public announcement vs an internal statement to employees.

Consider, is there more upside vs downside if your company were to comment on an issue? Create a balanced view of your different constituencies: customers, employees, investors.

Certainly, since the Business Roundtable 2018 landmark statement by the largest fortune 500 companies that they were moving from shareholder centricity to shareholder centricity, the role of the corporation has been evolving.

However, may be wise to remember that pioneers often get the arrows in the back. Being a fast follower may be an alternative strategy to being out front. You must be mindful about what is appropriate for your company’s brand when considering whether to make a public or internal statement.

Silicon Valley companies who are often well-known names and are always in the news cycle are uniformly highly communicative on taking positions on social issues as they are deeply focused on their employee cohort who is highly energized around social issues…but keep in mind that the mandatory need to give a response for a Silicon Valley company may or may not be an appropriate reaction for your company.

There really is no clear absolute right answer but having the discussion before there is a hot button issue that arises and clarifying the parameters for when and if the company will comment in any way is important.

One of the most difficult things in this highly engaging discussion is to separate your own personal politics, preferences, and passions, from what should be a corporate policy.

When in doubt, go back to your company’s initial statement of values and remind yourself of the mission, vision, and purpose of your company.

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Gould calls Poilievre a ‘fraudster’ over his carbon price warning

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OTTAWA – Liberal House leader Karina Gould lambasted Conservative Leader Pierre Poilievre as a “fraudster” this morning after he said the federal carbon price is going to cause a “nuclear winter.”

Gould was speaking just before the House of Commons is set to reopen following the summer break.

“What I heard yesterday from Mr. Poilievre was so over the top, so irresponsible, so immature, and something that only a fraudster would do,” she said from Parliament Hill.

On Sunday Poilievre said increasing the carbon price will cause a “nuclear winter,” painting a dystopian picture of people starving and freezing because they can’t afford food or heat due the carbon price.

He said the Liberals’ obsession with carbon pricing is “an existential threat to our economy and our way of life.”

The carbon price currently adds about 17.6 cents to every litre of gasoline, but that cost is offset by carbon rebates mailed to Canadians every three months. The Parliamentary Budget Office provided analysis that showed eight in 10 households receive more from the rebates than they pay in carbon pricing, though the office also warned that long-term economic effects could harm jobs and wage growth.

Gould accused Poilievre of ignoring the rebates, and refusing to tell Canadians how he would make life more affordable while battling climate change. The Liberals have also accused the Conservatives of dismissing the expertise of more than 200 economists who wrote a letter earlier this year describing the carbon price as the least expensive, most efficient way to lower emissions.

Poilievre is pushing for the other opposition parties to vote the government down and trigger what he calls a “carbon tax election.”

The recent decision by the NDP to break its political pact with the government makes an early election more likely, but there does not seem to be an interest from either the Bloc Québécois or the NDP to have it happen immediately.

Poilievre intends to bring a non-confidence motion against the government as early as this week but would likely need both the Bloc and NDP to support it.

Gould said she has no “crystal ball” over when or how often Poilievre might try to bring down the government

“I know that the end of the supply and confidence agreement makes things a bit different, but really all it does is returns us to a normal minority parliament,” she said. “And that means that we will work case-by-case, legislation-by-legislation with whichever party wants to work with us. I have already been in touch with all of the House leaders in the opposition parties and my job now is to make Parliament work for Canadians.”

She also insisted the government has listened to the concerns raised by Canadians, and received the message when the Liberals lost a Toronto byelection in June in seat the party had held since 1997.

“We certainly got the message from Toronto-St. Paul’s and have spent the summer reflecting on what that means and are coming back to Parliament, I think, very clearly focused on ensuring that Canadians are at the centre of everything that we do moving forward,” she said.

The Liberals are bracing, however, for the possibility of another blow Monday night, in a tight race to hold a Montreal seat in a byelection there. Voters in LaSalle—Émard—Verdun are casting ballots today to replace former justice minister David Lametti, who was removed from cabinet in 2023 and resigned as an MP in January.

The Conservatives and NDP are also in a tight race in Elmwood-Transcona, a Winnipeg seat that has mostly been held by the NDP over the last several decades.

There are several key bills making their way through the legislative process, including the online harms act and the NDP-endorsed pharmacare bill, which is currently in the Senate.

This report by The Canadian Press was first published Sept. 16, 2024.

The Canadian Press. All rights reserved.

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Voters head to the polls for byelections in Montreal and Winnipeg

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OTTAWA – Canadians in two federal ridings are choosing their next member of Parliament today, and political parties are closely watching the results.

Winnipeg’s Elmwood —Transcona seat has been vacant since the NDP’s Daniel Blaikie left federal politics.

The New Democrats are hoping to hold onto the riding and polls suggest the Conservatives are in the running.

The Montreal seat of LaSalle—Émard—Verdun opened up when former justice minister David Lametti left politics.

Polls suggest the race is tight between the Liberal candidate and the Bloc Québécois, but the NDP is also hopeful it can win.

The Conservatives took over a Liberal stronghold seat in another byelection in Toronto earlier this summer, a loss that sent shock waves through the governing party and intensified calls for Prime Minister Justin Trudeau to step down as leader.

This report by The Canadian Press was first published Sept. 16, 2024.

The Canadian Press. All rights reserved.

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Next phase of federal foreign interference inquiry to begin today in Ottawa

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OTTAWA – The latest phase of a federal inquiry into foreign interference is set to kick off today with remarks from commissioner Marie-Josée Hogue.

Several weeks of public hearings will focus on the capacity of federal agencies to detect, deter and counter foreign interference.

Prime Minister Justin Trudeau and key government officials took part in hearings earlier this year as the inquiry explored allegations that Beijing tried to meddle in the 2019 and 2021 federal elections.

Hogue’s interim report, released in early May, said Beijing’s actions did not affect the overall results of the two general elections.

The report said while outcomes in a small number of ridings may have been affected by interference, this cannot be said with certainty.

Trudeau, members of his inner circle and senior security officials are slated to return to the inquiry in coming weeks.

This report by The Canadian Press was first published Sept. 16, 2024.

The Canadian Press. All rights reserved.

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