Lobbying Governance
| Overall Assessment | Analysis | Score |
|---|---|---|
| Moderate |
Annaly Capital Management Inc. demonstrates a moderate level of governance in its lobbying activities, with a clear policy framework and oversight mechanisms in place. The company has adopted a Political Engagement and Contribution Policy, which is managed by the Corporate Responsibility and Government Relations (CRGR) Team and overseen by the Corporate Responsibility Committee of the Board of Directors. This committee "periodically reviews this policy and must approve any amendments to or deviations from this policy," ensuring a structured approach to political engagement. Annaly explicitly prohibits the use of corporate funds for political contributions or expenditures, including those related to trade associations, stating that "we instruct these organizations and groups not to use our funds for any election-related activity at the federal, state, or local levels." Furthermore, the CRGR Team reports directly to the Chief Legal Officer, who also oversees the Annaly PAC, ensuring compliance with all relevant laws and regulations. However, while the company provides detailed governance for political contributions and trade association memberships, it does not disclose any specific processes or actions to align its lobbying activities with climate-related goals. Additionally, Annaly states that it "does not currently employ any lobbying firm or engage in any lobbying activities," which limits the scope of its governance framework to indirect lobbying through trade associations. The absence of explicit climate-related lobbying alignment measures and the lack of a detailed review process for trade association positions on climate issues indicate room for improvement in its governance framework.
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