CORPORATE POLITICAL EXPENDITURE IN AUSTRALIA HOWARD PENDER, RESEARCH DIRECTOR AUSTRALASIAN CENTRE FOR CORPORATE RESPONSIBILITY JUNE 2016 “… if a corporate manager finds a political cause compelling, then she should not use other people’s money to support it. Rather, she should reach into her own pocket and spend her own money.” This sentiment was behind the changes to UK corporate law in 2000 and 2006. See Torres- Spelliscy, C & Fogel, K Shareholder-Authorised Corporate Political Spending in the United Kingdom, 2011 University of San Francisco Law review, v 46, p 577. Acknowledgements I would like to thank Haseeb Ikram, Nijat Hajikhanov and Joshua Norman-Leagas of the ANU, Marian Currinder and Bruce Freed of the US Center for Political Accountability, Graeme Orr, Tom Warne- Smith and the members of the Research Committee of the ACCR for their comment and assistance. Howard Pender The ACCR is an association incorporated under the ACT’s Associations Incorporation Act 1991. It is registered as a charity with the Australian Charities and Not-for-profits Commission (ACNC). We are income tax exempt. We are an Approved Research Institute. We have Deductible Gift Recipient (DGR) status under Australian tax law. Donations by Australians are tax-deductible. ACT Association number: AO 5319 ABN: 95 102 677 417 AUSTRALASIAN CENTRE FOR CORPORATE RESPONSIBILITY Level 5, 131 City Walk, Canberra City ACT 2601 GPO Box 1596, Canberra, ACT 2600 Australia T: +61 405 221 587 E:
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