NEWS FLASH
Growing Number Of Shareholders Want To Know What Their Companies Are Spending On Political Campaigns | Politico reported today that several corporate boards are facing shareholder petitions calling for increased disclosure of political spending. Shareholders are asking the boards of AT&T, Ford, Pepsi and others to account for all corporate political spending, including money going to SuperPACs and tax-exempt organizations, which do not have to disclose their donors. The proposals are all technically non-binding, although “they are widely regarded as expressions of investor sentiment,” and some companies have adopted disclosure policies after minority votes. About fifty disclosure-related proposals are expected to be put forth in this proxy season.
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