Does KPMG really support Voting Rights?
KPMG takes the position that shareholders should have the right to vote on matters that affect the company, regardless of their shareholding percentage. This is based on the belief that shareholders are the ones who bear the risk of owning a company's stock and should have a say in how it is run. While this may be good in theory, in practice it can lead to situations where a small number of shareholders can control the outcome of votes, even if they own a small percentage of the company's stock. This can have a negative impact on other shareholders, who may not have a voice in how the company is run.
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The January 6 corporate accountability index
After a violent mob stormed the Capitol building in January, hundreds of corporations pledged to make changes to their political giving. Some corporations pledged to withhold PAC funding to the 147 Republicans who voted to overturn the election, setting the stage for the riot. Other corporations said they were suspending all PAC activity and others promised to reevaluate their giving criteria in light of the violence.
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35 major companies that have kept their promises after January 6
There are companies that suspended their donations after January 6 and have resumed donations to Republican objectors. The Washington Post opines that this is "a sign that the promises issued by corporate America were temporary, especially in light of razor-thin Democratic majorities."
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