CEOs have indicated that they are ready to act individually and collectively to consolidate American democracy and ensure Americans have access to a world-class voting system. CEOs who took part in a live poll said they would reassess donations to candidates supporting bills that restrict voting rights and many would reconsider investing in states that act on such proposals.
Strong participation in fair elections and the rule of law are the foundations of America’s economic dynamism. Leadership on this issue is essential for U.S. businesses, for the long-term interests of all of its stakeholders, including shareholders, customers, employees and the communities in which they operate.
A new survey conducted by Morning Consult discussed during the call found that 73% of adults agree that the government should guarantee voters fair access to polling places, opening hours and drop-off boxes. The survey also found that the majority of Democrats and a plurality of Republicans agree that companies should support legislation aimed at improving access to voting and should not support officials who favor limiting voting rights.
Historic levels of participation from all political backgrounds in the 2020 elections amid a global pandemic were a triumph for democracy. Business leaders see this progress as something to build on, not a step backwards. Strong initiatives are underway to protect the democratic process. More than 60 of the top 100 law firms in the United States are working with voting rights organizations to oppose any legislation limiting the right to vote.
“We are encouraged by the commitment of the CEOs who gathered today to strengthen the legitimacy of the 2020 election and expand voting rights,” said Daniella Ballou-Aares, co-founder and CEO of the Leadership Now project. “The Leadership Now Project group of business leaders across the country are ready to work with local and national partners to translate this commitment into action.
“It is our patriotic duty to protect the most vital rights of all Americans. It is an essential act of inclusive capitalism because without a thriving democracy we cannot have a prosperous and secure capitalism,” said Lynn Forester de Rothschild, Founding Partner and Director of Inclusive Capital Partners and Founder and Chairman of the Coalition for Inclusive Capitalism. “I applaud all CEOs who use the power of their companies for the common good.”
“It is inspiring to see such a surge of courage and patriotism from a wide range of great business leaders supporting the fundamental right of every American to vote,” said Jeffrey Sonnenfeld, Senior Associate Dean for Leadership Studies at Yale School of Management. “The spectrum of political opinions and industries has been united in voices for greater electoral fairness and better access.”
This meeting was organized in partnership with:
The Chief Executive Leadership Institute (CELI) is the pioneer in CEO learning. The Institute hosts CEO Summits, bringing together leading business leaders, policy makers and academics in a unique learning environment that fosters candid and informal exchanges.
The Leadership Now Project is an organization of business leaders and thought leaders committed to long-term solutions to renew American democracy.
The Coalition for Inclusive Capitalism is a global, non-profit organization that works with leaders from the private, public and civic sectors to make inclusive capitalism and its benefits more widely and equitably shared.
Yale School of Management Contact:
Jeffrey Sonnenfeld – [email protected]
Cassidy rhodes – [email protected]
Contacts of the Coalition for Inclusive Capitalism:
Lynn Forester de Rothschild – [email protected]
Amanda Byrd – [email protected]
Leadership Now project contacts:
Daniella Ballou-Aares – [email protected]
Grace agreement – [email protected]
SOURCE Coalition for Inclusive Capitalism