Leidos participates in the political process and we conduct oversight to make certain that our political activities and lobbying expenditures are conducted in a legal, ethical and transparent manner. Under federal law, Leidos is prohibited from making direct political contributions in connection with federal elections. In jurisdictions with “pay-to-play” laws, all contributions, including personal contributions and contributions by certain family members, must be approved and disclosed in accordance with Leidos policy. While Leidos encourages employees to engage in the political process, they must notify the Leidos Government Affairs Committee (LGAC) before running for political office or accepting an appointment to any government office.
Through our Government Affairs Office, Leidos maintains a legally permissible Leidos Political Action Committee (LPAC). All political activity using corporate funds - including contributions to state and local politicians, the use of Leidos facilities, and any fundraising activity - is pre-approved by the LGAC.
Our work often brings us into close collaboration with public officials. Our employees familiarize themselves with applicable laws regarding gifts and lobbying, including procurement lobbying laws, and coordinates with the Leidos Government Affairs Office to ensure proper disclosure.
Leidos political activities are overseen by the Leidos Board of Directors (Corporate Governance and Ethics Committee, or CGEC), the LGAC, and senior company leaders. The Board of Directors CGEC annually reviews the political activities of the corporation and the Leidos Political Action Committee.
Leidos Political Action Committee (LPAC)
The Leidos Political Action Committee (LPAC) is a separate, segregated fund comprised of employee voluntary contributions used to support candidates for federal office. All contributions made by the LPAC are done so in a bi-partisan manner. Participation in the LPAC is restricted and adheres to Federal Elections Commission (FEC) regulations.
In accordance with the LPAC bylaws and with federal law, all contributions made by the LPAC are reported to the FEC and can be reviewed at www.fec.gov. No in-kind contributions are made. No political contributions are made to state and local candidates and all contributions were made within the United States.
Leidos participates in industry associations and interacts directly with various stakeholders throughout government in an effort to educate, inform and advocate on behalf of the corporation, our employees and our shareholders. These communications are regulated by federal, state and local laws. In accordance with applicable laws, such activity and associated expenses are reported on a regular basis. In compliance with the Lobbying Disclosure Act (LDA), Leidos’ lobbying activities and expenses, as defined by Section 162(e) of the Internal Revenue Code, are disclosed to the U.S. Congress on a quarterly basis. Federal reports disclosing lobbying activity and expenses are available to the public via the Office of the Clerk of the U.S. House of Representatives at the following website: http://lobbyingdisclosure.house.gov/.
The company files periodic reports with state and local agencies reflecting lobbying activities regulated by relevant state and local laws as necessary.