Governance & Integrity
EMC is committed to responsible and transparent participation in the political process. We participate in the political process to help shape public policy that impacts the company and our industry. Our involvement aims to ensure that the interests of customers, shareholders, employees, and other stakeholders are fairly represented at all levels of government.
The Corporate Governance and Nominating Committee of our Board of Directors regularly reviews our corporate political activity and the activity of the EMC Political Action Committee (the “EMC PAC”), including review of our semi-annual disclosure statements, key public policy priorities, and the appropriateness of EMC’s political contributions policies and procedures.
Since 2007, we have had a publicly available Political Contributions Policy which outlines procedures for contributions made with corporate funds. The Political Contributions Policy also describes oversight of the EMC PAC, a nonpartisan committee registered with the Federal Election Commission.
Any proposed corporate political contribution by EMC, whether monetary or “in-kind,” must be submitted in advance to EMC’s Office of Corporate Government Affairs and the chief compliance officer for pre-approval.
Any contribution by the EMC PAC must be reviewed and approved by the EMC PAC Board. Our due diligence process includes, among other things, consideration of whether the proposed recipient of a contribution represents a state or district where a major EMC facility is located, supports employee interests in his or her district, serves on a Congressional committee with jurisdiction over issues of importance to EMC’s business, or has been supportive of the IT industry on key issues. Contributions may be made to members of all political parties and are made without regard to the political preferences of EMC executives.
PUBLIC POLICY PRIORITIES
Our desire to assist in the development of sound public policy guides how we prioritize our government affairs activities. Our priorities align with our business interests and are reviewed with our Board of Directors. The following are examples of our public policy priorities and the rationale behind our support.
- Informing Federal Cloud Computing Policies. Cloud computing and data center consolidation are critical elements of federal IT policy. Federal stakeholders are pushing agencies to adopt these policies to increase productivity and achieve cost savings. We work with trade associations and industry partners to educate policy makers on these topics, including enhancing their understanding of cloud computing deployment, service models, and information security and privacy issues. We continue to participate in forums on cloud computing issues, including TechAmerica Foundation’s Commission on the Leadership Opportunity in the U.S. Deployment of the cloud. EMC has also been invited to various other sessions to discuss our own journey to the cloud and expertise and knowledge of industry best practices regarding data center consolidation. To learn more, visit IT & Society.
- Leveraging Big Data to Advance Key Public Sector Missions. The era of Big Data has spurred organizations to find new ways to scale and manage their storage environments and to develop and leverage advanced data analytics capabilities. We support policies that harness Big Data to enhance intelligence and defense programs and advance health sciences by meeting massive storage requirements through cost-effective and scalable solutions. Recently, we participated in TechAmerica Foundation’s Big Data Commission which focused on educating and training the federal workforce around analytics and data science to provide the government with a comprehensive roadmap to using Big Data to better serve the American people. To learn more about Big Data, visit IT & Society.
- Comprehensive Immigration Reform. Through our activity with trade associations and industry partners, such as the Technology CEO Council, EMC supports bipartisan comprehensive immigration reform that includes critical high-skills provisions.
- Promoting Effective Sustainability/Energy Efficiency Approaches. Through Congressional testimony and other outreach, we communicate frequently with federal stakeholders about our sustainability strategy and green IT policies in the public sector. EMC recently supported the introduction of legislation that would save the federal government energy and money, and reduce greenhouse gas emissions, by requiring the use of energy efficient and energy reduction technologies, particularly in federal data centers. To learn more about EMC’s efficiency approach, visit Energy & Climate Change Strategy.
- Promoting Policies to Address Advanced Cyber Threats. Organizations face cyber threats every day—including increased attempts to steal sensitive data such as intellectual property—and cyber security has become a major national and economic security priority. Congress is actively considering cyber security legislation and EMC, along with RSA, our security division, has weighed in with policy recommendations that will address the security concerns of our customers. To learn more, visit Information Security & Privacy.
- Advancing Effective Education Policy and Math and Science. As a technology company, our primary interest and expertise lies in advancing Science, Technology, Engineering, and Math (STEM) education to build a highly diverse, trained, and innovative workforce for the future. We also work to improve education systems around the world.
EMC Chairman and CEO Joe Tucci has been a leader in education reform in the U.S. for more than a decade. At the request of Massachusetts Governor Deval Patrick, Mr. Tucci served as co-chair of the Massachusetts Readiness Project, a collaboration of business, education, and community leaders that worked to create a long range strategic plan for K-12 education and beyond in Massachusetts. In Washington, D.C., Mr. Tucci also served as the Chairman of The Business Roundtable’s Education Task Force for more than four years. In addition, EMC has advocated for an increase in the number of charter schools, and we are a member of Governor Patrick’s STEM Advisor Council which was launched in 2010. To learn more about our support for STEM education programs, visit Education Partnerships.
- Campaign to Fix the Debt. EMC has joined the Campaign to Fix the Debt, a non-partisan coalition of business and policy leaders that is urging Congress and the Administration to reach a compromise on a comprehensive plan to address our country’s fiscal problems.
EMC is committed to responsible participation in the political process in compliance with applicable federal, state, and local laws and reporting requirements.
In the interest of transparency for our shareholders and other stakeholders, we provide information about our corporate and EMC PAC contributions, lobbying expenditures, and major trade association memberships on our website.
The amount of our contributions is relatively small, but nonetheless we believe it is in the best interests of EMC and our shareholders to keep lines of communication open with our elected officials and help shape public policy consistent with our business priorities. Political contributions represent just a fraction of EMC’s involvement in our communities and our activities as a responsible corporate citizen. To learn more, visit Community Involvement.
We make information about our corporate political contributions publicly available on a semi-annual basis. A listing of our 2012 corporate political contributions is available here.
As with many corporations, EMC has established a political action committee—a nonpartisan committee registered with the Federal Election Commission. The purpose of the EMC PAC is to promote good citizenship and further business interests that are of concern to shareholders and employees of EMC. The EMC PAC provides eligible employees an opportunity to participate in the elective process at the federal level of government and to support the election of qualified, informed, and constructive candidates for office. The EMC PAC is funded entirely by voluntary employee contributions; no corporate funds are used to fund the EMC PAC.
While we do not expect recipients of contributions to agree at all times with our positions on all issues, we seek to support individuals who will promote the interests of EMC.
A list of the EMC PAC’s contributions is available here.
We work closely with many different stakeholders in an effort to promote well-considered public policy for the benefit of our customers, employees, shareholders, and company. This pragmatic approach to the development of sound policy is effectuated through engagement with policymakers at all levels.
A list of EMC’s federal lobbying expenditures and disclosures is available here, and information on state-level lobbying activities in Massachusetts, where our headquarters is located, is available here.
TRADE ASSOCIATION MEMBERSHIPS
EMC participates in various trade associations and organizations that engage in activities such as education, lobbying, advertising, and knowledge sharing. We take a collaborative approach in working with the trade associations to advance the best interests of EMC and our stakeholders. Among other things, we consider whether the trade association has been effective in advancing EMC’s priorities when considering whether to join an organization or renew our membership.
We publicly disclose our major U.S. trade associations, the amount of our annual membership dues, and information we received from these organizations regarding lobbying expenses and political expenditures using membership dues. Details regarding our trade association memberships and dues paid are updated annually and available here.