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A study reveals charities with corporate board members spend $130,000 annually lobbying for connected companies. This quid pro quo arrangement raises concerns about political influence, though it remains legal.
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Charities spend big to defend their boardβs corporate agendas, new study reveals Charities with corporate leaders on their boards spend an average of $130,000 a year lobbying on behalf of their connected companies. Thatβs according to a first-of-its-kind study that shows how companies benefit from their charitable work β and how charities may be all-too-happy to support their powerful board members in return for lucrative connections. The researchers behind the study say the findings could help policymakers and charity stakeholders keep tabs on a previously hidden form of political influence, but that such arrangements are perfectly legal for now. βCharities stand to gain something by behaving in this way. It doesnβt always have to be corporations pushing charities to behave in a way they donβt want to,β said Sehoon Kim, Ph.D., a professor of finance at the University of Florida and senior author of the new study. βItβs a natural quid pro quo arrangement that arises from the...
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