Political Activity and Lobbying Policy
Hasbro believes that it is our responsibility as a corporate citizen to engage constructively on global public policy issues that may have a direct impact on our business. All engagement, including any political spending, is led by Hasbro’s Chief Purpose Officer through the Global Government Affairs Department and signed off by senior management, as necessary. Final authority for any engagement, including political spending, lies with the CEO.
Government and NGO Engagement
Global Government officials, policymakers, regulators, non-governmental organizations (NGOs), and community groups often have an interest in what we do as a company around the globe.
All corporate interaction with any of these groups should be evaluated by Hasbro’s Global Government Affairs Department prior to engagement. Hasbro meetings with government officials regarding Hasbro business must be approved by the Chief Purpose Officer through the Government Affairs and Compliance Departments and logged in the Annual Meeting Log.
All individuals have the right to voluntarily participate in the political process including making personal political contributions; however, Hasbro employees need to make it clear that their personal views and actions are not those of Hasbro, Inc.
Hasbro employees should contact the Government Affairs Department for approval before engaging in any lobbying or discussions with government officials on behalf of Hasbro.
- Since personal political activities can sometimes create a conflict with Hasbro, employees should talk to the Government Affairs Department and the Legal Department if they or a close relative are planning to accept or seek a public office, or if any other political activity might have an impact on Hasbro or on their job.
- In accordance with our values and all applicable laws, Hasbro exercises its right and responsibility to make its position known on relevant issues, including engaging with global policymakers and regulators on policy issues.
Hasbro does not have a U.S. Political Action Committee (PAC) nor does the company make corporate contributions to political causes. The U.S. Toy Association (TA) does have a PAC, to which Hasbro executives may personally contribute. However, it is important to note that Hasbro’s membership dues to the TA are not used to fund the PAC of the TA. Any other advocacy that membership dues may fund are detailed on the TA website. Hasbro does not have any other political donations to report because this policy prohibits them.
Any philanthropic activities undertaken through Hasbro’s Charitable Trusts that could result in government collaboration or engagement are not considered corporate contributions to political causes and are not covered by this Policy. Please see our Global Philanthropy’s Guidelines and Policies for rules governing philanthropic contributions. To the extent Hasbro engages in lobbying on matters of public policy, the company is committed to disclosure of such expenditures as required by U.S. federal law.
This Policy is approved by Hasbro Senior Management and the Board of Directors. The Nominating, Governance and Social Responsibility Committee of the Board also reviews Hasbro public policy (and related political contribution policies) as part of its remit.
For additional information please see the following:
Hasbro’s Comprehensive CSR Report (page 17) for how we engage in public policy issues, including any lobbying activity