The role of private companies in democracy

Expected Outcome:Projects should contribute to all of the following expected outcomes:EU and national policymakers have a better understanding of corporate influence on democratic processes and outcomes, including activities through service providers in the EU internal market, enabling them to develop strategies to mitigate negative effects and promote a more just and inclusive society.EU and national policymakers have access to evidence-based recommendations and develop more effective policies and regulations for promoting responsible corporate behaviour, rules on integrity and transparency, preventing corruption and protecting democratic values.Civil society organizations and citizens have a greater understanding of the complex relationships between private companies and democratic governance, enabling them to hold corporations and policymakers accountable for their actions. Scope:The relationship between private companies[1] and democratic governance is becoming increasingly complex and contentious. As corporate interests continue to grow in influence, this raises concerns about the potential risks and benefits of private sector involvement, particularly in policymaking on contentious topics such as climate change adaptation, environmental protection, data protection, privacy, civil rights, and the rights of minorities. Thus, there is a pressing need to investigate the impact of private sector involvement on democratic processes and outcomes, as well as its long-term effects on political inequalities and shifts in power dynamics. Large corporations and lobbying groups can inform policymaking with valuable evidence and expertise, but also potentially exert undue influence that may compromise the public interest. The implications of corporate power for democratic values, human rights, and the public good are far-reaching and require careful examination.Moreover, external private actors, such as foreign investors and multinational companies, together with influence