FEC Advisory Opinion Makes It Easier for Corporate PAC's to Recruit for PAC from Outside Boards of Directors

I2M faculty member Brett Kappel of Arent Fox wanted me to pass on to you FEC Advisory Opinion 2010-12. 

The FEC held that Proctor & Gamble could withhold PAC contributions from the quarterly retainer payments made to outside directors on the Proctor & Gamble board.   

This advisory opinion should be read as giving corporate PACs permission to withhold PAC contributions from directors’ fees and should make it easier for corporate PACs to receive support from this important element of a company’s restricted class.

You can read the opinion here.