Call for clarity on companies' political involvement.

Position:Brief article

Businesses must make their political activities more transparent to prevent any accusation of skulduggery, according to a report by the the Institute of Business Ethics.

Heightened public scrutiny of corporate donations has reduced the total amount of money given to political parties. As a result, the emphasis has shifted to lobbying, so firms must ensure that they're open about their political aims and activities, the report states.

Its author, David Lascelles, argues that lobbying should have its own set of company policies, rather than a patchwork assembled from general principles. He believes that firms wanting to make political donations should obtain investor approval for both policy and donation budgets. They should...

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