Microsoft oversight of political campaign spending praised
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A recent report on corporate spending on political campaign praised Microsoft highly for its oversight of corporate campaign contributions. The Sustainable Investments Institute and the IRRC Institute released a report Thursday measuring corporate governance of political spending among S&P 500 companies.
It included a case study on Microsoft, saying it displays "best
governance practices in terms of political spending disclosures."
The report gives a brief history of Microsoft's political spending,
which started only after the U.S. Department of Justice sued the company
for antitrust violations in 1998. Since 1998, the company has stepped
it up, contributing to both parties at a federal level, political action
committees and 527 political committees. The company now spends a
minimum of $6 million on lobbying per year, the report said. It also
contributes at least $500,000 each year to state campaigns, according to
the report.
An interesting highlight in the report about the European Union's antitrust suit against Microsoft:
"Almost immediately following the
announcement of the European fine, Microsoft noted 33 U.S. members of
Congress and Senators publicly supported its position against Europe and
posted their quotes on the company's Freedom to Innovate website. Of
the 33 congressmen and senators, 31 had received donations from
Microsoft's PAC. While there is no way to directly tie the public
endorsements to the contributions, it is noteworthy that the company did
not receive nearly as much public support from members of Congress and
senators after the Department of Justice filed its suit in 1998."
The report also notes that "Microsoft's political contributions
policy and reporting are detailed and complete, although it says little
about how its policies are implemented."
seattletimes.nwsource.com