Three Myths Fueling Companies’ Icy Silence on Politics | Andrew Winston | MIT Sloan Management Review
Three myths keep companies from engaging in politics, argues Andrew Winston, prompting leaders to reevaluate the business role in society during turbulent times. He identifies assumptions that corporations should remain quiet on political issues, that profits and politics are separable, and that stakeholder concerns are too polarized to navigate effectively.
The author contends these beliefs contribute to a strategic and reputational risk, as inaction can erode trust, long-term value, and social license to operate. He urges CEOs to adopt principles and processes for constructive political engagement aligned with core business strategy and stakeholder needs.
To move beyond silence, the piece advocates for clear governance, transparent decision-making, and deliberate communication about where the company stands on key issues, while balancing risks, opportunities, and stakeholder expectations.