Like many companies, Wells Fargo engages in public policy advocacy on issues that impact our business at the local, state and federal levels. We believe that participating in the legislative process helps protect our customers, employees and businesses, and is an important part of responsible corporate citizenship.
The Wells Fargo Government Relations team works closely with all of our business lines to manage legislative and political activities in a manner consistent with good corporate government practices and in compliance with all legal requirements. The head of Corporate Government and Community Relations reports to the Chief Administrative Officer of Wells Fargo who, in turn, reports to the Chairman and Chief Executive Officer. The Corporate Responsibility Committee of the Wells Fargo Board of Directors oversees all of the Company’s government relations activities and public advocacy policies and programs, and at least annually receives reports from management on political and lobbying activities, including payments made by Wells Fargo to trade associations.
View a list of the most recent campaign disbursements (PDF) of the Wells Fargo Employee PACs, which is updated semi-annually.
View previous campaign cycle disbursements (PDF) of the Wells Fargo Employee PACs.
Our prohibition against corporate funds being used for political activity extends to those trade groups of which we are a member. We restrict these organizations from using our membership dues for contributions to candidate committees, independent expenditure committees or other direct or indirect contributions to election campaigns.
We prohibit trade associations and groups of which we are a member from using our corporate funds for campaign and election activities. We inform these organizations of our policy prohibiting the use of membership dues and fees for contributions to candidate committees, independent expenditure committees, or other direct or indirect contributions to election campaigns, and expect them to adhere to it. We are not members of any tax-exempt organization in the U.S. that is primarily organized to write, endorse and promote model legislation.
View a list of state and national trade groups (PDF) that received more than $25,000 in dues from Wells Fargo in 2014. Because the budget cycles of trade groups are not consistent the figures on the attached spreadsheet should not be taken as definitive. The list of trade association payments is updated annually.