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Contents: Corporate Political Participation, Corporate Political Spending, Political Action Committees, Agency Issues, Political Accountability and Transparency, Strategies for Corporate Political Activity. | © 2015 Cengage Learning Chapter 12 Business Influence on Government and Public Policy © 2015 Cengage Learning Learning Outcomes Describe the evolution of corporate political participation. Differentiate among the different levels at which business lobbying occurs. Explain the phenomenon of political action committees (PACs) in terms of their historical growth, the magnitude of their activity, and the arguments for and against them. Define coalitions and describe the critical role they now assume in corporate political involvement. Discuss the Bipartisan Campaign Reform Act and other issues surrounding campaign financing. Outline the principal strategic approaches to political activism that firms are employing. © 2015 Cengage Learning Chapter Outline Corporate Political Participation Corporate Political Spending Political Action Committees Agency Issues Political Accountability and Transparency Strategies for Corporate Political Activity Summary Key Terms © 2015 Cengage . | © 2015 Cengage Learning Chapter 12 Business Influence on Government and Public Policy © 2015 Cengage Learning Learning Outcomes Describe the evolution of corporate political participation. Differentiate among the different levels at which business lobbying occurs. Explain the phenomenon of political action committees (PACs) in terms of their historical growth, the magnitude of their activity, and the arguments for and against them. Define coalitions and describe the critical role they now assume in corporate political involvement. Discuss the Bipartisan Campaign Reform Act and other issues surrounding campaign financing. Outline the principal strategic approaches to political activism that firms are employing. © 2015 Cengage Learning Chapter Outline Corporate Political Participation Corporate Political Spending Political Action Committees Agency Issues Political Accountability and Transparency Strategies for Corporate Political Activity Summary Key Terms © 2015 Cengage Learning Business Influence on Government and Public Policy Government is a central stakeholder of business, and its interest is broad and multifaceted. Government’s power is derived from its legal and moral right to represent the public in its dealings with business. Society would be best served if the system maintained a balance of power, but a controversial U.S. Supreme Court ruling (Citizens United v. Federal Election Commission) has left business with the power to drive the political agenda unchecked. © 2015 Cengage Learning Corporate Political Participation Political Involvement - Participation in the formulation and execution of public policy at various levels of government. Two major approaches to corporate political activity: Lobbying Political spending © 2015 Cengage Learning Business Lobbying Lobbying - The process of influencing public officials to promote or secure passage or defeat of legislation. Lobbyists are intensely self-interested. Their goals are to .
