Analysis of Moderate and Swing Women Voters in Key NY Congressional Districts

On October 25, 2024, Leadership Now Project released a memo describing findings from electorate surveying and modeling it conducted in partnership with Applecart in four key NY congressional districts.

The effort surveyed thousands of female voters in two districts on Long Island (NY-01 and NY-04) and two upstate New York districts (NY-18 and NY-19).  Each of the Democratic candidates in those races are Leadership Now Priority Candidates to Watch.

The survey results and modeling illuminate which women voters should truly be considered moderate voters, which are swing voters, what the overlap of moderate and swing voters is, and what messages can best move those voters towards the Democratic candidate. 

There are more moderate / swing voters who affiliate with a party than most assume:

• Of the estimated 149,000 women voters across the four districts who are modeled to be Moderate & Swing voters, 41% are undeclared in terms of party affiliation, while 32% are registered Democrats and 27% are registered Republicans. 

• This compares with the TargetSmart “off the shelf” model which identifies 221,000 “moderate” women voters in the same four districts. They model more than 90% of those moderates as undeclared, with fewer than 10 percent registered as Democrats or Republicans. 

These moderate / swing voters are most persuaded to move towards the Democratic candidate with moderate messaging on abortion that incorporates an economic opportunity message.  That kind of messaging approach can increase support for Democratic candidates by as much as 30% among these voters.

Read the memo here.

Wisconsin Business Leaders File Brief with Wisconsin Supreme Court Arguing Against Removal of WI Elections Chief

On September 25, 2024, Wisconsin Business Leaders for Democracy (WBLD) and Leadership Now Project filed an amicus brief with the Wisconsin Supreme Court backing the Wisconsin Elections Commission (WEC) and its Administrator, Megan Wolfe in Wisconsin Elections Commission v. Lemahieu.

The brief argues the court should affirm the appellate court's ruling and reject the legislature’s effort to remove Wolfe.

“With voting about to begin in Wisconsin, it’s distressing that politicians continue their efforts to remove Wisconsin’s top election administrator,” said Tom Florsheim, a member of the Leadership Now Project “To create an environment where businesses can thrive, we need a democracy that functions efficiently, transparently, and without partisan interference. Fair and impartial election administration is the cornerstone of that democracy.”

In this case, the leadership of the Wisconsin legislature is asking the Wisconsin Supreme Court to order Wolfe removed from her position. This is in spite of the fact that since her confirmation in 2018 by the bipartisan Commission, Wolfe has been recognized for her non-partisan professionalism and success in overseeing elections.

WBLD and Leadership Now, representing business leaders from Wisconsin and across the nation, emphasize that preserving democratic norms is vital to fostering long-term economic growth and stability. The brief warns that attempts to undermine the WEC’s independence and remove Administrator Wolfe ahead of the 2024 election jeopardize the predictability and transparency businesses rely on for decision-making and investment.

The brief highlights the fact that Wisconsin’s independent election administration has been pivotal to the state’s long standing competitiveness, providing both businesses and the public with confidence in the election process. The WEC was designed to be a nonpartisan body that supports over 1,900 local election officials, ensuring the fair execution of elections that protect the will of the people.

“The relentless partisan efforts to disrupt election administration in Wisconsin must stop if we are to be taken seriously as a destination for investment,” said Anoop Prakash, a founding member of WBLD and Wisconsin Chair of the Leadership Now Project. “It’s high time for legislative leaders to stop pursuing wasteful variations of the same false narratives that have been disproved time and time again.”

WBLD and Leadership Now argue that the attacks on Wolfe are not just an assault on election integrity, but also a threat to Wisconsin’s economic future. By undermining public trust in the election process, these political efforts risk creating an environment of uncertainty, leading to instability in the business community.

The amicus brief urges the Wisconsin Supreme Court to affirm the lower court’s ruling, which upheld the WEC’s authority to maintain its leadership and ensure continuity in election administration. In doing so, the court can reinforce that democratic governance—free from partisan interference—is essential to both political and economic health in Wisconsin.

Leadership Now Project Condemns Yesterday's Attack at Former President Trump's Rally

Sunday, July 14, 2024 – Following events at the political rally for former President Trump in Butler, Pennsylvania, Leadership Now Project issued the following statement:

“Violence has no place in our political process. We unequivocally condemn yesterday’s attack against former President Trump and express our gratitude to the Secret Service for preventing further harm. We mourn the tragic death of a bystander at the event.

Political violence goes against the core values of American democracy, a system that allows us all to express our views without fear of violence, intimidation or retribution. We must continue to work to restore faith in our democracy and uphold those principles.

This is a time to protect our political process and work out our differences without violence. Leadership Now is committed to working with partners to support a safe and peaceful election process.”

Milken 2024 Global Conference: Can Capitalism Safeguard Democracy?

Leadership Now CEO Daniella Ballou-Aares joined a panel at the 2024 Milken Global Conference to discuss capitalism's role in safeguarding democracy. The panelists concluded that democracy and capitalism, at their best, make each other stronger. However, our failure to fully optimize these systems has resulted in harm rather than mutual reinforcement. They also highlighted significant risks to democracy from the upcoming U.S. election, which could potentially impact the economy and more.

The panel outlined several strategies for business leaders to bolster U.S. democracy in November:

• Granting employees time off to vote

• Encouraging volunteerism at polling stations

• Urging candidates to respect election results

• Calling on business leaders to publicly challenge non-compliant candidates

““The risks of democracy erosion are significant… This is a time for business in America to come off the fence and actually talk about the threats to democracy. Differentiate between the candidates, and support trust in elections.””

— Daniella Ballou-Aares, CEO, Leadership Now Project

Daniella was joined by former president of Armenia, Armen Sarkissian; Lucan Way from the University of Toronto; Maria Teresa Kumar of Voto Latino; Hein de Haas from the International Migration Institute; and Matthew Bishop, Chairman of Global Impact Leaders at the Sorenson Institute, who served as moderator.

View the recording of the panel “ Can Capitalism Safeguard Democracy?”. Daniella’s commentary starts at the 22:30 mark.

Business Leaders Emphasize Democracy as Key to Economic Resilience

FOR IMMEDIATE RELEASE
May 7, 2024 

Business Leaders Emphasize Democracy as Key to Economic Resilience

WASHINGTON – Last week, Treasury Secretary Janet Yellen gave a speech in Arizona, accompanied by a piece in USA Today emphasizing the critical link between a robust democracy and a thriving economy. 

In response, business leaders are underscoring the urgent need to strengthen democratic principles to sustain economic resilience in the face of mounting election risks, and the importance of fostering an environment where businesses can thrive, innovate, and contribute to societal well-being within a framework of accountable and sturdy democratic institutions.

Through efforts such as convening business leaders and organizations on issues of democracy; educating business leaders at the state and national levels on the growing risks of democratic backsliding; and elevating civic-minded business voices defending democratic principles, the Business & Democracy Initiative and its partners remain steadfast in their commitment to the democratic values and institutions that enable our shared prosperity.

Below are quotes from business organizations and leaders: 

Samantha Tweedy, CEO, Black Economic Alliance:

“A strong American democracy is essential for our nation’s sustained economic growth and the progress of economic equity. The evidence is clear that when democratic norms and institutions erode, it leads to economic instability and discriminatory practices that harm all of us and Black communities in particular. As we approach the 2024 elections, the Black Economic Alliance remains committed to advocating for policies that both promote economic resilience and strengthen our democratic processes, ensuring economic health that benefits Black Americans and all Americans.”

Sarah Bonk, Founder & CEO, Business for America:

“The strength of the American economy relies upon our democratic values, and we cannot succeed as a nation if we remain as divided as we are today. Anti-democratic impulses at home, driven by hyperpartisanship, distrust, and growing political divides, are as dangerous as authoritarians abroad. In response, we’re inviting businesses to add democracy to their public policy agendas and to support legislation like the Building Civic Bridges Act to help mend our social fabric and strengthen our democratic institutions.” 

Aron Cramer, President and CEO, BSR:

“Democracy and rule of law are an essential foundation not only for the trust, fairness and transparency that a functioning society requires, but also to enable business to lead the way to a fairer and more sustainable economy. Business is not simply a bystander on these questions: private sector leadership is needed to help reinforce democratic processes, and it is in its interest to do so.  Allowing faith in democracy to erode will also undermine the stability the private sector needs, as well as America’s ability to provide the vision and leadership needed to shape our shared destiny and prosperity.”  

Daryl Brewster, CEO, Chief Executives for Corporate Purpose:

“The role of business today is clear. Business success comes first, but the recipe for business success involves taking care of your employee’s and community’s needs, along with those of other important stakeholders. To do so, companies can apply business skills and resources to addressing relevant societal challenges, prevent the sharing of disinformation, foster empathy through community engagement, create space for dialogues representing different points of view, and develop plans to address issues that could lead to business disruption. It will take all sectors to get us through these trying times, but leading businesses are up to the task.” 

Elizabeth Doty, Director, Corporate Political Responsibility Taskforce, Erb Institute, University of Michigan:

“Shared prosperity and opportunity for future generations depend on well-functioning markets that foster competition and reward long-term value creation. These markets, in turn, depend on a healthy American constitutional democracy, the rule of law; civic freedoms; effective, transparent and accountable civic institutions; and equitable access to civic and political processes for all eligible participants. This is why business leaders across the political spectrum are recognizing they have a shared interest in upholding and protecting trusted American civic institutions, alongside faith organizations, the media, non-government organizations, academia and the military.” 

Steve Fletcher, Green Business Network Director, Green America:

“A strong democracy is essential to economic growth that benefits all Americans, including the many small green business entrepreneurs building thriving businesses across the country. The over 1,500 green businesses in Green America’s Green Business Network encourage all Americans to respect and take part in our nation’s democratic institutions.”

Daniella Ballou-Aares, CEO, Leadership Now Project: 

"Protecting the pillars of democracy is paramount for business leaders, especially in three key areas: ensuring the legitimacy of elections, upholding the rule of law, and safeguarding national security. Without legitimate elections, we risk the erosion of democracy itself. Upholding the rule of law is crucial for maintaining a stable business environment. Business leaders must remain vigilant and take proactive steps to mitigate political risks."

Rhett Buttle, President, Public Private Strategies Institute:

“In our democracy, businesses aren't just bystanders, they’re part of our precious system of government. The free exchange of ideas, goods, and services is the lifeblood of our economies, where every voice counts. Businesses play a vital role in shaping policies that reflect the needs and aspirations of the people they serve. At this crucial moment in history, businesses small and large have a responsibility to safeguard the very essence of democracy, ensuring there’s opportunities for everyone and guaranteeing that the voice of every citizen is heard.” 

Anne Zimmerman, Co-chair, Small Business for America’s Future: 

“The United States built the most powerful economy in the world in no small part due to the stability of our government, which allows entrepreneurs to plan and build a business without worrying about political disruptions and turmoil. Businesses like mine cannot operate in an unpredictable environment, and weakening our democracy erodes the stable foundation that our prosperity is built upon. We must protect democracy, which is key to the economic freedom that allows entrepreneurship to flourish.” 

Ken Powley, CEO and Co-Founder of Team Democracy:

“It’s easy to take for granted the liberties and opportunities afforded by a healthy and functioning democracy. Not the least of those is the freedom to invest in ourselves and in others to build the kinds of thriving enterprises that have elevated and ensured Americans' quality of life for nearly two and a half centuries. Business depends on democracy, and needs to invest in its strength and resilience. Ambivalence is not an option.”

Ron Miller, Chairman, StartEngine:

“Business leaders have a lot to lose if our democracy and the rule of law falls to authoritarian urges. We count on political stability to reduce risk by creating a more predictable operating environment. We also will bear the brunt of even higher interest rates due to the additional uncertainty. Business leaders have an outsized impact on policy and policy makers. Let’s not sleepwalk our way into the economic chaos experienced like we saw when Turkey and Venezuela lost their democracies to authoritarians.”

About the Business & Democracy Initiative

The Business & Democracy Initiative is a partnership of business leaders dedicated to protecting our elections and rebuilding trust in democratic institutions, because we know that a strong democracy is the cornerstone of a dynamic and inclusive American economy. The Business & Democracy Initiative's founding partners are top business leaders and advocates: the Black Economic Alliance, the Leadership Now Project, and Public Private Strategies. We engage stakeholders across all levels of business to advocate for reforms that strengthen our democracy. As the health and stability of American democracy continue to be under serious threat, the business community is a critical voice in the fight to preserve our free, open, and democratic system.

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Leadership Now Project Files Amicus Brief in Trump's Supreme Court Immunity Case

Washington, D.C, April 9, 2024, — Leadership Now Project, with the support of pro bono counsel Covington & Burling, has filed an amicus brief in Donald J. Trump v. United States of America. The brief makes the business case for why former President Trump must not be granted immunity from being prosecuted for potential criminal acts committed while President to subvert the results of the 2020 presidential election. 

“Leadership Now’s amicus brief underscores a core principle that underpins both our democracy and our economy: no individual, regardless of position, is above the law. This principle is crucial for maintaining the stable and predictable economic conditions essential for business confidence and growth,” says Daniella Ballou-Aares, CEO, Leadership Now Project.

The brief says:

“For over 230 years, the American business community has relied upon our founding governmental principle that no one is above the law as the essential guarantor of business investments and expectations.    

The unparalleled American economic prosperity fostered by this principle has resulted in immense benefits not only for business owners but also for the millions of people employed by them, and for consumers, investors, and other stakeholders in the economy. But America’s economic prosperity and competitiveness, and other benefits fostered by the rule of law, can endure only when all political and economic actors, including the nation’s highest government officials, are constrained by that rule of law and its prohibitions against criminal activity.”

The Supreme Court will hear oral arguments on April 25th.

Reflecting on 2023: A Year of Progress and Impact for Leadership Now

As we usher in an extraordinarily consequential political year, it is a moment to reflect on the impact and lessons learned of Leadership Now’s efforts in 2023. Throughout the year, Leadership Now and its members worked on targeted state and national efforts to protect American democracy. See below a brief recap of our 2023 highlights:

Mobilized business leaders to protect ballot initiatives in Ohio: Leadership Now opposed Issue 1, a measure to hinder citizen-led initiatives, by organizing an open letter and creating digital ads featuring prominent business leaders like former P&G CEO John Pepper and Jeni's Ice Cream Founder Jeni Britton. This effort led to Issue 1's defeat in the August 2023 special election and laid the groundwork for future ballot initiatives.

Jeni Britton, Founder of Jeni’s Splendid Ice Creams opposes Ohio’s August 2023 Issue 1 Ballot Initiative

Stood for democracy in Wisconsin: Leadership Now's local partner, the Wisconsin Business Leaders for Democracy,  engaged in the April 2023 Supreme Court election, where only Judge Janet Protasiewicz committed to democratic principles. Leadership Now-affiliated PAC Project Democracy endorsed her in a digital ad campaign reaching 235K moderate WI voters, resulting in her 11-point victory. 

Additionally, Wisconsin Business Leaders for Democracy defended Wisconsin Election Commission (WEC) Administrator Meagan Wolfe against attacks by election deniers, recently filing a business-oriented amicus brief to support her in a lawsuit by legislative leaders seeking to oust her. Our brief emphasized the necessity of impartial election administration and cautioned that removing Wolfe could destabilize Wisconsin's democracy, particularly ahead of the 2024 election.

On January 13, 2024, Dane County Judge Ann Peacock sided with the WEC, affirming the public interest in election stability and allowing Meagan Wolfe to retain her role. 

Leadership Now Wisconsin Member Tom Florsheim discusses amicus brief supporting Megan Wolfe on Spectrum News 1. (November 27, 2023)

Supported vote by mail in New York: Leadership Now, as part of a coalition, supported legislation to establish “no excuse” voting by mail in NY. Collaborating with organizations like the Center for Secure and Modern Elections and Tech:NYC, we changed NY's status from one of the 15 states without this option and a 'C' grade on Leadership Now’s Democracy Report Card. By November 2024, New York’s 13 million registered voters will be able to vote by mail.

Daniella Ballou-Aares, CEO & Co-Founder of the Leadership Now Project said, “A stronger, more accessible democracy makes New York a more desirable place to live and work. Vote by mail is a crucial modernization that 35 states have already adopted. We are thrilled to see speedy passage of this important measure.” 

Press Release By Bill Sponsors

Filed an amicus brief in Disney v. DeSantis, making the business case against political retribution: Leadership Now filed a brief in a watershed case involving political retribution by a sitting governor against a public company. The brief focused on how political retribution for the actions and speech of a company hinders investment and innovation and threatens economic stability and democracy, setting a dangerous precedent for the future.

Leadership Now CEO Daniella Ballou-Aares discussed the threat of government retaliation in depth with Triple Pundit Managing Editor Mary Mazzoni. 

Made the business case that democracy is at risk, working in collaboration with leading academics and thought leaders: In 2023, Leadership Now was covered in 100+ stories in major media outlets (FT, Fortune, Fast Company, New York Times, and others) on democracy risks to business. Leadership Now grew its academic network to 15+ leading business and policy schools, from HBS to the Ohio State University, Stanford and the University of Michigan.

Our latest analytical products, which benefit from our unique access to academic and other data sources, include an executive presentation designed for boards and investors, titled Understanding U.S. Political Risk: Implications For Business. This report provides a framework to understand current threats, analyze their business implications, and take proactive action. It includes tools to review risks in states where your company operates and assess the impact of your political spending.

Other significant impacts: 

• Hosted 75+ briefings and events with renowned academics and authors; elected officials and candidates; and partners. 

• Launched a Women & Democracy initiative. 

• Grew our organization with members in 30 states, and expanded our membership and programming teams.

• Several members won seats in local public office and joined government boards and commissions. 

Thank you to our members, partners, and funders for your invaluable support and collaboration throughout 2023. Our aim in 2024 is to strategically utilize our assets — networks, funds, and expertise — to safeguard democracy.

Subscribe to Leadership Now’s monthly Democracy + Business newsletter on LinkedIn

Leadership Now Project is a section 501(c)(4) social welfare organization with a mission to protect and renew American democracy. Project Democracy is a separate, affiliated political organization that supports candidates who share that mission.

Wisconsin Business Leaders Defend Election Administrator

Update (January 16, 2024) — Dane County Circuit Court Judge Ann Peacock declared Friday that she agreed with the Wisconsin Elections Commission (WEC), which argued that election system stability heading into the 2024 election was in the public interest. Her decision cleared Wisconsin elections chief Meagan Wolfe to remain in her role, overruling a Republican effort to oust her and name a new leader.

Leadership Now, along with Wisconsin Business Leaders for Democracy, supported WEC Administrator Meagan Wolfe's bid to retain her seat, submitting an amicus brief on Nov. 22. Wolfe had faced scrutiny for three years following false claims by former President Trump about his election loss and 2020 election procedures in the state, and Wisconsin legislative leaders had filed a lawsuit seeking a new WEC appointment.

Wisconsin Business Leaders for Democracy released the following statement featured in WisPolitics: “Ms. Wolfe’s unwavering leadership at the Wisconsin Elections Commission guarantees stability and transparency in the electoral process, creating an environment vital for business growth. This ruling ensures our top election official can keep doing the important work of administering free and fair elections. In an era where political stability shapes business decisions, this case underscores the imperative for Wisconsinites to stay actively engaged. The inseparable link between a resilient democracy and a flourishing business environment demands our collective commitment.” – John Florsheim (Leadership Now Member)

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On November 27, 2023, Leadership Now Wisconsin Chair Anoop Prakash and Member Tom Florsheim Jr. talked with Anthony DaBruzzi of Spectrum News 1 regarding an amicus brief that Wisconsin Business Leaders for Democracy, in collaboration with Leadership Now Project, filed in support of Elections Administrator Meagan Wolfe after state legislators attempted to remove her from office without cause. 

The brief emphasizes the need for impartial election administration and warns that Wolfe's removal could destabilize Wisconsin's democracy ahead of the 2024 election.

The legal challenge to Meagan Wolfe's position arose from a lawsuit filed in Dane County by state legislative leaders who aimed to force the Wisconsin Elections Commission (WEC) to select a new administrator. Notably, Wolfe has held the role of state Elections Administrator since her appointment in February 2018. She received unanimous confirmation for a four-year term from the GOP-controlled Senate in May 2019. However, a State Senate vote in September to remove her was later acknowledged as symbolic and held no legal significance. 

During the interview, Prakash emphasized the importance of allowing Meagan Wolfe to continue her role. He highlighted the need for the legislature to focus on economic development and job creation rather than repeatedly investigating past elections. 

Florsheim emphasized the bipartisan nature of their efforts, uniting business leaders from both Republican and Democratic backgrounds to protect democracy against threats and attempts by the legislature to limit voter access.

"Everyone has to realize that running elections in a big state like Wisconsin is a complicated process," Florsheim said. "Here we have somebody that ran an election through a pandemic, which has a lot of challenges in itself, that did an exemplary job, and she's received accolades from both Republicans and Democrats."

Wisconsin Business Leaders for Democracy's actions underscore the importance of upholding democratic values, especially during crucial elections. Their bipartisan approach emphasizes that democracy's strength transcends party lines, relying on collective commitment to protect its foundations.

Watch the news segment here. 

(Spectrum News 1/Anthony DaBruzzi)

Fostering Democracy Through Civics Workshops at the Office

A recent article by Melissa Eddy in The New York Times discusses the role that business is playing and can play in civic education. 

Recent events have served as an urgent reminder of this connection—the strength of our democracy is directly tied to the health of our businesses and communities. Eddy's article highlights the challenges we face amid rising political polarization. Simge Krüger, a Turkish citizen living in Hamburg, experienced the harsh realities of polarization when her LinkedIn post calling for peace during global conflicts received hostile reactions. This incident is not isolated, with individuals and businesses from Germany to the United States grappling with misinformation and polarization.

Leadership Now CEO Daniella Ballou-Aares, as discussed in the article, asserts that understanding democracy is more than an intellectual exercise—it is a safeguard against the instability that threatens our economic and political landscapes. She emphasizes, “If you see a disruption in democracy in a major economy, it’s going to be a big deal,” highlighting the connection between stable democratic institutions and the health of business operations.

Krüger's participation in an eight-week company-sponsored workshop provided her with tools to understand and counteract digital discord. By investing in such workshops, companies are equipping their employees with the skills necessary to debunk misinformation, handle diversity, and engage civically. These workshops aim to educate and empower employees on the importance of actions ranging from civil engagement to get-out-the-vote efforts, all conducted in a nonpartisan manner.

The experiences of these business leaders and employees underscore the broader implications of our digital discourse and its effects on work environments and democracy. It's a testament to the need for a stable democracy, which, when disrupted, could present significant challenges to business continuity and growth.

Read the full article, “A New Place to Learn Civics: The Workplace,” for more information, or learn how to implement civic engagement and other pro-democracy efforts in your company by utilizing the resources in our Corporate Civic Action Plan.

Supporting Democracy Is Not A Partisan Issue–It’s What All Americans Expect Of Business Ahead Of The 2024 Election

In a recent opinion piece in Fortune Magazine, the leaders of the Business & Democracy Initiative highlight the critical role business leaders play in supporting democracy.

As we edge closer to the 2024 election, business leaders are urged to consistently prioritize democratic values. This includes conveying reliable information to both their workforce and customer base, emphasizing the significance of voting and civic participation, and aligning political giving with pro-democracy causes and candidates.

“Protecting and strengthening our democracy requires year-round engagement. The fault lines in our democratic system aren’t just around electoral cycles–they’re every day that a state legislature works to roll back voting rights or the judiciary enables anti-democratic gerrymandering. As we approach the 2024 election, business leaders have a critical role to play in standing up for our democracy.”

The article “Supporting democracy is not a partisan issue–it’s what all Americans expect of business ahead of the 2024 election” was penned collaboratively by Daniella Ballou-Aares, founder and CEO of the Leadership Now Project; Rhett Buttle, founder of Public Private Strategies; and Samantha Tweedy, CEO of the Black Economic Alliance. Read the article to learn more.

GREGG NEWTON—AFP/GETTY IMAGES

Leveraging Networks for Democracy

In a recent episode of the Systems Catalysts podcast, Daniella Ballou-Aares, CEO of Leadership Now, and Anoop Prakash, Leadership Now Wisconsin Chair, discussed the power of leveraging networks to create systems change and reach goals.

The foundation of Leadership Now rests on the exceptional network of business leaders and academics, who persistently drive forward systems change to protect and renew our democracy, paving the way for a better future for all.

"Having courage is foundational to [systems change], and what gives people courage is doing [the work] together." — Daniella Ballou-Aares

Listen to the conversation:

Leadership Now Project Files Amicus Brief in Disney v. DeSantis, Highlighting Government Retaliation as Threat to Business and Democracy

Orlando, FL, August 10, 2023 – Leadership Now Project has filed an amicus brief in Walt Disney Parks v. DeSantis, underscoring the threat that government retaliation poses to businesses and democracy. The brief highlights the alarming trend of state governments punishing companies for their constitutionally protected speech. 

The health of the U.S. democratic system and the economy relies on business, which are strained by the threat of government retaliation, hindering investment and innovation. Leadership Now Member and CityView CEO, Sean Burton warns of the risks, stating, "This case is particularly egregious because it involves government interference with established contracts. Such interference jeopardizes economic prosperity by decreasing the ability of companies to be autonomous and manage themselves. It prevents companies from investing in ways that create the most value for their employees, customers, and shareholders."

The brief underlines that this case relates to action by political leaders with little precedent in the United States and reminds us of what the future could look like for American democracy and business — a nation where political leaders could use their office to cancel contracts or enact laws directed at specific companies with whom they disagree. 

Leadership Now Member and Executive Chairperson of Jack Cooper, Sarah Amico shares her concern in the precedent this could set, explaining, “The state has weaponized the power of government to punish a private business for exercising its right to free speech on behalf of employees, customers and stakeholders. This kind of retaliation is, simply put, antithetical to the core tenets of U.S. democracy. As the Executive Chairperson of one of North America’s largest women-owned logistics businesses, I am deeply concerned about the outcome of this case. American businesses invest in our communities, create jobs for our families, and bolster our nation’s competitiveness. Government can be an important partner in that work — but only if it defends a key element contributing to the stability of the American economic system — the well-settled principle that contracts will be enforced and upheld."  

Leadership Now's CEO, Daniella Ballou-Aares, points out that “Leadership Now submitted a brief because we believe it is essential that business leaders stand together and respond when political leaders use their power to punish companies who express alternative views than them.” As U.S. businesses face mounting pressures, the threat of government retaliation only amplifies challenges, endangering economic security and democracy. By taking a clear position on this case, the Leadership Now Project’s membership of business leaders aims to protect democratic stability against these threats.

Daniella Ballou-Aares discussed the threat of political retribution in depth with Triple Pundit Managing Editor Mary Mazzoni: Beyond Disney: Government Overreach Threatens Free Speech and Good Business, Executives Say

New Report Addressing Financial and Economic Dangers of Democratic Backsliding

On July 11, the States United Democracy Center and the Brookings Institution published a new report by Princeton Professor Layna Mosley, cautioning that the erosion of democratic practices and norms in the United States poses risks for investors. The report provides a range of tools for institutional investors to mitigate those risks and help protect American democracy. 

The report makes clear that the risks posed by democratic erosion are material, meaning that to fulfill their fiduciary duty, institutional investors must closely consider political risks. To do so, understanding the potential dangers and vulnerabilities that undermine democratic principles is crucial. Economic volatility, increased capital costs, reduced business activities, and threats to the liberal international order are among the risks associated with democratic erosion. 

The report explores democratic backsliding in America, global and U.S. democracy landscapes, and the connection between political risk and economic outcomes, and also offers concrete suggestions to effectively respond to these risks.

Key recommendations for mitigation include:

• Institutions should add U.S. political risk to the set of factors assessed when seeking to safeguard the assets of shareholders and beneficiaries.

• When seeking to acquire existing operations or open new ones, businesses should consider a state’s voting laws and assurances of full access to the ballot, as well as any state-level efforts to interfere with the democratic process.

• Institutional investors should advocate for full disclosure of corporate lobbying expenditures as a means of ensuring that lobbying is consistent with corporate strategy, as well as with respect for democratic political institutions.

• Institutional investors should identify an appropriate subset of U.S. portfolio companies (based on risk profiles, market impact, and responsiveness, among other factors) and focus mitigation strategies — including discussions of U.S. political risk — on them.
  

Leadership Now was glad to provide input to the analysis.

To view the full report, click here.

Additional resources: 

• Review our Democracy State Report Cards, which help business leaders make informed decisions about investing and operating in all 50 states. 

• Our Corporate Civic Engagement Best Practice Guide has case studies and resources for business leaders.

Business & Democracy Initiative Statement on Reintroduction of Freedom To Vote Act

WASHINGTON, D.C.– Today, the Freedom to Vote Act was reintroduced in the United States Congress. As state legislatures across the country work to roll back voting rights, the Freedom to Vote Act seeks to set national standards for voting access and election administration that promote fairness in our democracy and trust in our elections. 

Reacting to the reintroduction of the Freedom to Vote Act, founding partners of the Business & Democracy Initiative, including Leadership Now Project CEO Daniella Ballou-Aares, Public Private Strategies Founder Rhett Buttle, and Black Economic Alliance CEO Samantha Tweedy, released the following statement: 

“Shared economic prosperity is built on the foundation of fair representation for every American. Right now, state legislatures across the country are working to undermine fair representation by rolling back voting rights protections, gerrymandering districts, and even working to give themselves the power to overturn free and fair election results.  “Business leaders – from Fortune 500 companies to Main Street – have been front and center in the work to protect voting rights and promote democratic fairness. Research from the Business & Democracy Initiative shows that over 80% of business leaders recognize the role businesses should play to support a safe and fair electoral process. 

“We applaud measures in the Freedom to Vote Act that protect voters of color by setting national standards for voting access and cracking down on unfair districts that severely undercut the political power of millions. And we know that business leaders across the country – representing the most trusted institution in American life according to recent Gallup polling – will continue to advocate for measures like those in the Freedom to Vote Act that strengthen our democracy.”

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About the Business & Democracy Initiative

We are a partnership of business organizations dedicated to protecting our elections and rebuilding trust in democratic institutions because we know that a strong democracy is the cornerstone of a dynamic and inclusive American economy. The Business & Democracy Initiative’s founding partners are top business leaders and advocates: the Black Economic Alliance, the Leadership Now Project, and Public Private Strategies. We engage stakeholders across all levels of business to advocate for reforms that strengthen our democracy. As the health and stability of American democracy continue to be under serious threat, the business community is a critical voice in the fight to preserve our free, open, and democratic system. Learn more about the Initiative at businessanddemocracy.org.

A Victory for Democracy in the Supreme Court

June 27 marked a significant victory for democracy as the Supreme Court, in a 6-3 ruling, decisively rejected an indefensible interpretation of the Constitution's Elections Clause — known as the independent state legislature theory. This theory proposes that state legislatures can regulate elections unrestricted by state constitutional provisions, state courts, or even potentially, a governor's veto.

Leadership Now was proud to submit an amicus brief to the Supreme Court in Moore v. Harper with the support of pro bono counsel from Covington and Burling LLP. Our brief distinctively argued that independent state legislatures could pose substantial threats to businesses and markets through gerrymandering and election interference.

With this victory and the successful reforms to the Electoral Count Act last year, we’ve been a part of bringing about real and significant changes to diminish election risks in 2024.

Leadership Now remains committed to advocating for certainty and stability in our elections and upholding the rule of law. We will persist in presenting the business case for these crucial democratic principles.

How CEOs Can Navigate Today's Politically Fraught Environment

JUST Capital, the platform for measuring corporate performance in the stakeholder economy, featured Business & Democracy Initiative founding partners Daniella Ballou-Aares, CEO & Co-Founder of the Leadership Now Project, and Rhett Buttle, Founder & Principal of Public Private Strategies, discussing why businesses have a vested interest in a stable democracy and why leadership matters.  

JUST Capital: 2 Key Ways CEOs Can Navigate Today’s Politically Fraught Environment

In this piece, Buttle and Ballou-Aares explained the important role CEOs play in making change and why business leaders should continue to take meaningful action on issues that are important to them.

1) CEOs can’t forget the role they play in today’s society. As trust in the government, media, and other institutions remains low worldwide, business leaders have emerged as relatively more trusted to be transparent and put the interests of their stakeholders first.

“People don’t feel that the government is responsive to their interests and needs and are looking for leadership elsewhere,” Buttle and Ballou-Aares said. “That’s part of why CEOs are in the hot seat.”  

2) Executives must get more comfortable speaking out. Media bias, cancel culture, and the challenge of navigating different stakeholders can make speaking out a difficult decision for CEOs. But Buttle and Ballou-Aares underscored that the American public wants to hear from its business leaders. 

“Business leaders should be confident that their voices matter and that the people they interact with – from employees to customers to communities – want to hear from them on critical issues,” they wrote. 

“Freedom of speech is fundamental to our democracy and our economic stability. Rather than standing down in the face of retaliation, companies have a vested interest in working together to uphold our democratic values.”

Learn more about the Business and Democracy Initiative and explore additional steps the Leadership Now Project recommends business leaders take to protect democracy.

Disney CEO Defends Corporate Freedom of Speech

As major national corporations increasingly come under political attack by state governments looking to prosecute culture war fights, a prominent CEO is pushing back.

“A company has a right to freedom of speech just like individuals do,” Disney CEO Bob Iger told shareholders earlier this month. Iger used his freedom of speech to call out Florida Gov. Ron De Santis for his retaliatory moves against the entertainment giant, calling him “anti-business and anti-Florida.” 

Disney is the state’s largest corporate employer and taxpayer and has been subjected to a series of escalating moves by the state government in response to Disney taking a public position on policy. Disney, which has been operating in Florida for 50 years, spoke out against a law that would restrict speech in schools on LGBTQ topics, the so-called “Don’t Say Gay” law. The state of Florida in turn sought to restrict some of Disney’s power to control the land around and on which Disneyland sits.

Told of Iger’s comments, a spokesperson for the Florida governor promised to continue the state’s fight with the company, warning, “As Governor DeSantis recently said, ‘You ain’t seen nothing yet.’”

Iger’s actions are just the latest example of companies redefining what stakeholder capitalism looks like by taking bold steps to support issues that matter to workers, customers, the community, and others critical to long-term success. Tech giant Salesforce, for example, has sought to change the narrative around stakeholder capitalism by speaking out on voting rights issues. In this 2019 New York Times opinion piece, CEO Marc Benioff described why businesses and executives must value purpose alongside profit.

Daniella Ballou-Aares, CEO of the Leadership Now Project, spoke to The Hill about how CEOs are starting to respond proactively to political retribution. As the last few years have shown, businesses that remain silent in the face of attacks on free speech, ESG, and democracy only invite further abuses of power.

To learn more about stakeholder capitalism

and how other businesses are confronting their role in democracy, you can read Leadership Now’s Business Leader’s Guide to Democracy.

Leadership Now Members Support Democracy In Wisconsin Supreme Court Race

On April 4, Wisconsin voters cast ballots for democracy, electing Judge Janet Protasiewicz by a double-digit margin to the state’s Supreme Court in a special election that had drawn national attention as one whose outcome could “change the course of the entire country.” 

Writing in her March Democracy & Business Update on LinkedIn, Leadership Now CEO Daniella Ballou-Aares noted how the court, under its previous 4-3 majority, barred drop boxes for vote-by-mail ballots and refused to act on unfair district maps in this notoriously gerrymandered state. Wisconsin’s maps merit an F from the Princeton Gerrymandering Project and the state as a whole receives a C on Leadership Now’s Democracy Report Card, she reported. 

The importance of the April 4th election prompted Leadership Now’s Wisconsin members to take action — sending a questionnaire to the candidates asking them to confirm their commitment to democracy. Judge Protasiewicz responded and agreed to uphold future election results; her competitor Dan Kelly declined to respond to the group’s 5-question judicial letter. 

Anoop Prakash, John Floreshim, and Sachin Shivaram, Leadership Now members and leaders of Wisconsin Business Leaders for Democracy, made a case in an op-ed in the Milwaukee Journal-Sentinel on the importance of the special election. They wrote:

"The stakes could not be higher. As a non-partisan group of business leaders from both political parties, we believe it is in the best interests of all Wisconsinites to elect justices who will uphold our freedoms and support the principles of democracy on which our country was founded."

The group also aired an ad explaining its rationale for endorsing Judge Protasiewicz.

The court, with Protasiewicz now on it, is expected to hear many crucial cases in the years ahead — on gerrymandering, abortion, and challenges to future presidential election results. 

Subscribe to the Monthly Business +  Democracy Update on LinkedIn.

Leadership Now Project is a section 501(c)(4) social welfare organization with a mission to protect and renew American democracy. Project Democracy is a separate, affiliated political organization that supports candidates who share that mission.

The Challenge of Building Trust

“What will it take to rebuild trust?” asked Leadership Now CEO Daniella Ballou-Aares in the latest Democracy & Business Update on LinkedIn. “It starts with courageous individuals like Leadership Now honoree Al Schmidt, Pennsylvania's Secretary of State, who [in January] was awarded one of America’s top civilian honors for his defense of the 2020 vote while overseeing the Philadelphia election as a Republican City Commissioner. Even while he and his family endured threats to their safety, he stood up to Trump’s pressure to overturn the election results.” 

“But people like Al Schmidt alone won’t be enough to defend and rebuild democracy for the long term,” Daniella wrote in the Leadership Now update. As NYU professor and democracy expert Richard Pildes discussed at Leadership Now’s 2022 annual meeting, polarized, ineffective government fosters an atmosphere where autocratically-inclined leaders who promise to ‘deliver’ and create order through strength can gain popular appeal and undercut democracy. We've seen this play out in countries from Hungary to Brazil to Italy to India in recent years.

“With the Edelman Trust Baromoter once again showing that business is the most trusted sector in society, the burden for all of us to use that trust wisely is high. How can you help rebuild trust in our system, even as some political leaders burn it?”

Read on in the Monthly Business + Democracy Update

for Daniella Ballou-Aares’ tally of the low and high points for trusted leadership that have defined the start to 2023 — and the latest perspectives of Leadership Now and its members in the press.

Subscribe to the Monthly Business +  Democracy Update on LinkedIn.

Classified Documents Risk Further Eroding Trust In Democracy

How is it possible that the current president, the former president and the former vice president all be tripped up by the same federal document control system, ostensibly designed to keep America’s most vital secrets safe? And what does that have to do with the strength of American democracy?

Leadership Now Project CEO Daniella Ballou-Aares took on this question in a recent appearance on MSNBC, joining American Voices with Alicia Menendez to share her perspective on the burgeoning controversies over improper possession of classified documents by some of America’s most prominent and powerful public officials.

“One of the really worrying things about this whole scandal is that [it] further erodes American trust and democracy,” she told viewers. “We need to look at the system and make something that actually works.” She emphasized the need to modernize the system and also ensure we “find the real instances of threats to national security and intent to undermine it,” rather than simply that documents marked classified were retained after officials left office.

While the complications associated with classification are a serious challenge to public trust, they may also present an opportunity for reform —and for taking a robust look at how the U.S. government strategically uses information and keeps it secure. In 2010, President Obama passed The Reducing Over-Classification Act in response to findings by the 9/11 Commission that overclassification had undermined national security. In 2023, we again find the system – replete with overclassification and confounded by a lack of clarity around what should be classified – posing a risk to national security by undermining Americans’ faith in the system and creating a weakness our adversaries will see as an opportunity.