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#586153 - 07/20/06 04:38 PM Board member running for office
Love those Regs Offline
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Joined: Apr 2002
Posts: 292
Southern State
Is there any problem with sending a bankwide e-mail to all employees notifying them that one of our board members is running for a political office? Just something saying the Board member would appreciate our support.
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General Discussion
#586154 - 07/20/06 05:00 PM Re: Board member running for office
Ms Auditor Offline
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Joined: Oct 2001
Posts: 148
Upstate NY
Not an expect by any means, but could this be construed as a conflict of interest? Something about endorsing a political candidate just doesn't feel right.

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#586155 - 07/20/06 06:03 PM Re: Board member running for office
02bonne Offline
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Joined: Nov 2005
Posts: 620
Quote:

Not an expect by any means, but could this be construed as a conflict of interest? Something about endorsing a political candidate just doesn't feel right.




It's done all the time. Most banks will solicit donations for PAC funds versus direct donations or support(as in this case)though.
Last edited by 02bonne; 07/20/06 06:05 PM.
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#586156 - 07/20/06 06:14 PM Re: Board member running for office
Bullseye Offline
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Bullseye
Joined: Jan 2004
Posts: 968
You might want to check your state law. Our state prohibits advocating political candidates in banks. This includes hanging signs, allowing them to use conference rooms (unless appropriate rent is paid) and etc.

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#586157 - 07/20/06 06:47 PM Re: Board member running for office
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
I don't know whether it violates any laws, but some may interpret it as pressure to contribute or volunteer. It also opens the door for others to send bankwide e-mails regarding issues they feel are important.

Personally, I just think it's in bad taste.
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