All companies that operate internationally face a striking dual challenge in dealing with public policy: Nations across the globe enact an ever-changing, ever-expanding array of detailed legislation and regulation to protect workers, consumers, investors, and the public welfare, and these diverse rules shape what companies can and cannot do. Moreover, corporations are not trusted in this era of populist discontent because their role in shaping public policy is often seen as bought by money, shaped by elites, and concerned solely with private not public interests
Corporations Need a Better Approach to Public Policy
We need a more sophisticated method than lobbying.
April 01, 2016
Summary.
To address the vast array of public policy activities around the globe, corporations thus need to integrate sophisticated public policy into basic business processes. To address the manifest lack of trust in their public policy role, corporations need to advance proposals that equitably balance private and public interests on important issues; to present facts that are not slanted but that fairly represent the issues at hand; to seek allies across the political spectrum; and to seek bipartisan solutions if at all possible in the current dysfunction of our political culture.