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Why America’s CEOs are turning vocal on political issues

Many US companies vigorously supported the Black Lives Matter movement last year, after a Minneapolis police officer murdered George Floyd.

As the Trump era unravels, US firms are speaking out on political issues. What are the learnings for India Inc?

American CEOs, whose corporations contribute millions of dollars to politicians through political action committees, are speaking out on divisive political issues, aligning with progressive causes, leaving some politicians bemused, and raising profound questions about the role of a company in society.

The latest flashpoint is the controversial law passed by the Georgia state legislature which restricts voting rights. The law’s backers have claimed the new rules will eliminate voter fraud—which became a big issue given former US President Donald Trump’s claims of a stolen election—but its critics argue it adversely affects the poor and minorities. There is also little evidence of any fraud.

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