Corporate Political Contributions and Lobbying Activities
Because we are a diverse global organization that includes differing viewpoints, political activity is limited to very specific industry issues that would clearly benefit our business and our shareholders. Accordingly, we believe the corporation’s annual spending on political contributions and campaigning is minimal. Any such spending is managed on a highly decentralized and local basis, and we have not historically tracked such expenditures on a global basis. Our current accounting system is not set up to track separately political contributions by country.
Contributions by corporations to political parties, candidates or causes may be specifically regulated by the laws of the countries in which we conduct business. Employees cannot make any contributions to political parties, candidates or causes in the name of Jones Lang LaSalle because they may inadvertently be causing the firm to violate those laws, which can carry serious penalties. Employees must make sure that any political contributions proposed to be made on behalf of the Company and in which they may be involved are made with the appropriate internal approvals and legal review, have a valid business purpose and are made in compliance with applicable laws.
Similar to our political activities, our direct lobbying efforts are minimal and, if any, they would be restricted to very specific industry issues that would clearly benefit our business and our shareholders. Any lobbying efforts would be managed on a highly decentralized and local basis. We do not track expenditures on lobbying efforts, nor is our current accounting system set up to track any such expenditures on a global basis.
We also do not monitor globally the participation by our people in industry trade associations. Participation in such associations must otherwise comply with our Code of Business Ethics.