Alston & Bird attorneys Dave A. Brown, Ted Schroeder, and Valerie Delp have been honored with a 2017 Burton Award for Distinguished Legal Writing for their examination of how corporate boards ensure proper management of corporate political spending. This is the third year in a row Alston & Bird has received the award.
The article – “What Corporate Boards Need to Know Before Wading into Politics,” published in Directors & Boards – details why and how corporate boards should be transparent about political spending, consequences for not notifying stakeholders, and risks for companies engaging in the political process.
“Companies face growing pressure to be more transparent about their political spending as investors and consumers have more information at their fingertips,” wrote the authors. “[These] recommendations … are not legally required – however, the failure to be proactive may result in very public consequences.”
The Burton Awards is funded by the Burton Foundation, a non-profit, academic effort devoted to recognizing and rewarding excellence in the legal profession. Nominations are submitted by law firms and include exemplary articles that have been published by their lawyers during the past year. Only 25 winners were selected in 2017, all from the 1,000 largest law firms in the United States. Honorees were recognized at the annual Burton Awards Program and Gala, which was held at the Library of Congress in Washington, D.C., on May 22, 2017, with U.S. Supreme Court Justice Ruth Bader Ginsburg as guest speaker.