How 2024 Elections Influence Business Strategies—Webinar Poll Results

In this webinar, we discussed how election outcomes can influence financial markets, economic stability, financial crime, public perception and corporate reputation. Understanding these risks and preparing for various outcomes helped participants identify strategies to support stability and growth.

Three key takeaways:

• Elections influence market volatility and investor sentiment. Kroll’s analysis shows the S&P 500 performs worst during U.S. election years due to uncertainty. Many businesses are waiting amid questions about corporate spending, revisions, tariffs, and tax reforms, but should prepare for all outcomes.
• Businesses can become entangles in political issues that impact their reputation. It is essential for companies to consider both external and industry-specific factors that could influence their operations and decisions. Additionally, robust communication strategies are crucial during times of political instability.
• Elections heighten fraud and corruption risks. Businesses should invest in flexible, adaptive systems to enhance efficiency, effectiveness and compliance. Successful implementation demands careful planning, expertise and high-quality data.

Additionally, On October 30, 2024, we surveyed nearly 150 webinar attendees to gauge how they felt elections might impact their businesses. Explore the poll results below.