Emerson’s shareholders, employees, and customers are keenly affected by public policies at all levels of government. To protect shareholder value, Emerson maintains a small office in Washington, D.C. to engage with public officials at all levels of government to educate them on our company’s operations, emerging technologies and markets. This office also follows and, when necessary, seeks to influence public policy decisions that impact the company and its shareholders.
These activities are governed and regulated by federal and state laws. With the help of knowledgeable employees throughout the company, Emerson’s government affairs team identifies and follows issues of importance to Emerson’s continued well-being. When those issues lend themselves to public policy solutions at the federal level, Emerson’s government affairs team sometimes reaches out to policymakers on Capitol Hill and in the Executive Branch to raise awareness and educate them as to potential effects of policies under consideration. Under federal law, that process is considered “direct lobbying.” Sometimes, rather than reaching out directly to policymakers, Emerson engages with policymakers on issues through one or more trade associations to which Emerson belongs and who share our concerns and interests. That is considered “indirect lobbying.” Emerson engages in both direct and indirect lobbying. Emerson does not engage in “grassroots” lobbying. All decisions about which government policies Emerson seeks to shape are based upon what is in the best interests of our industry, our company, our employees and, most importantly, our shareholders.
Emerson’s federal lobbying activity is reported in our Lobbying Disclosure Act filings, which are publicly available at two websites:
US House of Representatives: http://disclosures.house.gov
Emerson’s LD-2 and LD-203 Lobbying Reports for the last 18 months are also posted below. During calendar year 2016, Emerson’s LD-2 Lobbying Reports reported $580,000 in expenses related to lobbying activities, which includes all lobbying-related expenses of our Washington D.C. office and personnel. Emerson’s LD-203 Lobbying Contribution Reports for calendar year 2016 reported expenditures of approximately $225,000, all made through the Emerson PAC. Contributions in excess of $5,000 to individual recipients were as follows:
Devin Nunes (CA22) $10,000 – Ways and Means Committee
Donald Bacon (NE2) $10,000 – pro-business challenger to incumbent
Erik Paulsen (MN-3) $10,000 – Ways and Means Committee; significant Emerson operations in District
George Holding (NC2) $10,000 – Ways and Means Committee
Jason Smith (MO8) $25,000 – Ways and Means Committee; Emerson headquartered in Missouri
Kyrsten Sinema (AZ9) $7,500 – Strong pro-business record
Patrick Tiberi (OH12) $10,000 – Ways and Means Committee; Chairman Joint Economic Committee
Paul Ryan (WI1) $10,000 – Speaker of the House; Emerson operations in Wisconsin
Thomas Emmer (R-MN6) $10,000 – Emerson operations in Minnesota
Emerson's Lobbying Disclosure Act filings for the last 18 months can be viewed at the following links:
Statement of corporate governance, revised effective October 4, 2016, reviewed as of June 5, 2017.