Post-Election Update and Implications - NIRI Virtual Chapter Professional Development Series
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Post-Election Update and Implications
NIRI Virtual Chapter
Professional
Development
Series
Wednesday, December 2, 2020
Noon – 1pm EST
The NIRI Virtual Chapter: Experience the power of connecting.
Our Sponsors
The Virtual Chapter appreciates the support of our sponsors
GOLD Level Sponsors
SILVER Level Sponsors
BRONZE Level Sponsor
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The NIRI Virtual Chapter: Experience the power of connecting.
CPE Credit and Q&A
CPE Credit
• NIRI Virtual offers Continuing Professional Education (CPE) credit for attending and participating in
our monthly programs.
• For CPE Credit, you must answer all three (3) of the polling questions AND you must complete the
program survey that is provided at the end of this presentation.
Q&A
• If you are participating via the live webinar, you can type your question in the “chat box” at the
bottom of your computer screen.
Professional Development Unit (PDU)
• Holders of the NIRI IRC® credential can earn 1 professional development unit (PDU) per
meeting/webinar. IRC-credentialed speakers may also earn PDUs. More information is available
at www.niri.org/certification.
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The NIRI Virtual Chapter: Experience the power of connecting.
Agenda
Learning Objectives: Upon completion of this program, participants
will be able to:
• Discuss the impact of the election outcome on corporations
• Review the three most likely regulatory impacts of the 2020
election
• Explain approaches for how companies should communicate with
key stakeholders during the time of transition
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The NIRI Virtual Chapter: Experience the power of connecting.
Today’s Speakers
Moderator Guest Speakers
Stephanie Wakefield, IRC Patti Solis Doyle Lanhee Chen
Senior Advisor Partner Senior Counselor
Brunswick Group Brunswick Group Brunswick Group
San Francisco, CA Washington, D.C. San Francisco, CA
swakefield@brunswickgroup.com psolisdoyle@brunswickgroup.com lchen@brunswickgroup.com
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The NIRI Virtual Chapter: Experience the power of connecting.
Polling Question #1 How surprised were you by the results of
the election?
A. Very, was expecting a blue wave
B. Very, was expecting Trump to win re-election
C. Somewhat, didn’t expect a divided government
D. Not at all, we are a nation divided
E. Didn’t know what to expect2020 Election Results
• America entered this election as a divided country and remains so.
• President-Elect Biden's victory came from strong support with
women, young, non-white, suburban and college-educated voters
while narrowing margins in small towns and rural areas.
• President Trump’s victory in 2016 was not a one-off event, but
rather a deeply embedded reality of current American politics.
72020 Electoral Map
PATH TO 270
306
BIDEN
232
TRUMP
Source: NBC News as of 11/18 © BRUNSWICK GROUP 2020 8Largest Voter Turnout in Over a Century
75.00% 74%
70.00%
67%
66%
65.00% 6… 64%
62% 62% 63%63%
62%
61% 62%
60%
60.00% 60
58%
5… 57% 60% %
55% 59%
5… 56% 55%
55.00% 56%
54%
54%
53%
52% 52%
50.00%
49% 49%
45.00%
40.00%
1900 1904 1908 1912 1916 1920 1924 1928 1932 1936 1940 1944 1948 1952 1956 1960 1964 1968 1972 1976 1980 1984 1988 1992 1996 2000 2004 2008 2012 2016 2020
Source: Statista; U.S. Elections Project, 12/14/2018 © BRUNSWICK GROUP 2020 9Republicans Likely Control Senate, Make Gains in House • Three factors contributed to Republican’s success: 1. Justice Amy Coney Barrett’s appointment nationalized Senate elections 2. Law and Order 3. “Democrats are associated with Socialists” messaging was effective • Republicans only lost a net of 1 seat despite defending 10 vulnerable incumbents. • Now a record number of Republican women in Congress. • At least 13 new Republican women in the House, bringing total to 33 in caucus. • Republican’s improved performance with Hispanic voters could reshape American politics. 10
Democrats Control of House, Smallest Majority in 18 Years
CONTROL
222
DEM
4
NOT
CALLED
Republican
Democrat
208
GOP
Not called
Source: NBC News 11/25, Five Thirty Eight 11/25 © BRUNSWICK GROUP 2020 11Republicans Hold a 50/48 Lead
Runoff for 2 Georgia seats on January 5, 2020
Republican
Democrat
Republican + Democrat
Independent
Runoff
Source: NBC News 11/7 © BRUNSWICK GROUP 2020 12What do you think is the biggest impact
Polling Question #2 of the election on corporations?
A. A more stable environment to operate in
B. More regulation coming
C. Changes in immigration and employment policies
for non-US citizens
D. More global perspective and global cooperation
E. No changeWhat to Expect in a Biden/Harris Administration
• Traditional and conventional approach to governing
• A focus on economic, healthcare, and education solutions around the COVID-19 pandemic
• Issues unrelated to the pandemic (e.g., antitrust matters, etc.) will be on the back burner
• High levels of experience with regulatory matters and dealing with Congress
• Predictable policy goals that will be advanced by executive action where needed
• Return to globalization
© BRUNSWICK GROUP 2020 14Divided Government will Present Challenges for the
Biden/Harris Administration
A likely Republican controlled Senate will impact how Biden organizes government,
how policy is enacted, and how politics is conducted in America.
On matters requiring legislative actions, a Republican Where executive authority is meaningful, the
senate will be a check on the ambitions expressed Biden/Harris administration will have more leeway.
during Biden’s campaign.
• COVID-19 response
• Fiscal stimulus
• The environment and climate change
• Energy
• Foreign policy
• Health care
• Antirust enforcement
• Tax policy
• New infrastructure spending
15Passing a Fiscal Support Package will be the
Administration’s Top Priority During the First 100 Days
The Biden/Harris • Push for a whole-of-administration fiscal support package delivering swift relief for small
business and tax increases for high-income earners, coupled with rebuilding and
administration’s expanding America’s public health and other infrastructure priorities.
immediate focus will
• Longer term tax plans may try to reverse some of the 2017 tax cuts on corporations but
be on a fiscal support will face opposition if Republicans maintain their Senate majority.
package to help
• Robust consumer financial protections with an increased focus on economic and racial
struggling Americans equality in lending.
and stabilize the
• Increase in U.S. manufacturing capacity to strengthen domestic supply chain.
economy.
• Rigorous scrutiny on foreign investments posing national security threats via CFIUS
transactions filed and not filed.
• Ongoing use of sanctions and other financial measures to punish and isolate criminals,
hackers, human rights abusers, and other bad actors, particularly from Iran, Russia, and
China.
16Polling Question #3 In your opinion, should executives
comment on political matters?
A. Yes, everyone should use their voice.
B. Yes, but only when it is on an issue that has
direct impact to that company.
C. No, executives should focus on running their
companies.Q&A
Virtual Chapter Program Calendar
Date Program
December 2, 2020 Post Election Update & Implications
January 13, 2021 Transitioning from Investor Relations to CFO
February 10, 2021 Crisis Communications
March 10, 2021 Career Development: New to Investor Relations
April 14, 2021 Topic to be announced
May 12, 2021 Topic to be announced
Please check the NIRI Virtual Chapter website, www.nirivirtual.org, for updated program information.
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The NIRI Virtual Chapter: Experience the power of connecting.Our Sponsors
The Virtual Chapter appreciates the support of our sponsors
GOLD Level Sponsors
SILVER Level Sponsors
BRONZE Level Sponsor
20
The NIRI Virtual Chapter: Experience the power of connecting.Economic and Post-Election Update and Implications
Thank you for
participating!
Wednesday, December 2, 2020
Noon – 1pm EST
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