Certain states and localities permit corporate contributions to candidates and political parties. It is the policy of the Company to make political contributions in such states and localities when the Company determines contributions to be in the best interests of the Company and its shareholders. The Company also may make contributions in support of, or in opposition to, specific ballot issues in which the Company has a substantial interest. In 2013, the Company did not make any contributions from corporate funds to state or local candidates or political parties or ballot initiatives. Also, in 2013 Boeing did not expend any corporate funds for political contributions to section 527 entities or Super PACs, or for electioneering communications or independent expenditures. Corporate contributions to federal candidates are prohibited by federal law, and Boeing makes no such contributions.
It is Boeing's policy to prohibit trade associations and other third-party organizations from using Boeing's funds for any election-related political expenditure. Boeing has requested and received written assurance of adherence to that policy by its largest trade associations. Boeing continues to communicate its policy to other groups with which it is associated, in order to prevent the use by such groups of Boeing's corporate funds for election-related political purposes.
The Company's process for approving corporate political contributions in state and local elections and ballot initiatives requires the Board of Directors to authorize a budget for such contributions. Such contributions would be made within that budget and in compliance with applicable laws and regulations. Authority to approve any such contributions has been delegated by the Board of Directors to the Chief Executive Officer who, in turn, has delegated authority to approve specific contributions within the established budgets to the Senior Vice President, Government Operations. Any corporate political contributions would be recommended by the Government Operations organization and reviewed for compliance by the Vice President and Assistant General Counsel, Government Operations, and an outside law firm before being presented to the Senior Vice President, Government Operations. Any direct contributions would be made on a nonpartisan basis in support of candidates and committees who support business issues of importance to the Company and its shareholders. Any corporate political contributions are disclosed on this website on at least a semi-annual basis.
The 2013 political expenditures by The Boeing Company Political Action Committee (BPAC), a voluntary, nonpartisan political action committee established by The Boeing Company in accordance with federal law, are set forth here. BPAC is governed by an Advisory Committee comprised of Company executives and is funded solely from the voluntary personal contributions it receives from its members, who are employees of the Company eligible to be solicited for and to make contributions under federal election law. BPAC may direct contributions to the campaigns of candidates seeking federal offices, as well as selected state and local campaigns, ballot initiatives, and section 527 entities where such contributions are allowed. BPAC makes contributions under the supervision of the Senior Vice President, Government Operations in compliance with applicable laws and regulations. Authority to approve BPAC contributions has been delegated to the BPAC Treasurer (Vice President, Strategy & Advocacy). BPAC contributions are made on a nonpartisan basis in support of candidates who advance sensible policies on business issues of importance to the aerospace industry and to the Company and its shareholders. The Senior Vice President, Government Operations, reviews BPAC’s budget and activity with the BPAC Advisory Committee semi-annually and with the Company's Board of Directors annually.