Wednesday, February 24, 2010 12:18 PM
Groups Want Corp. Disclosure
Shareholder and advocacy groups launched a letter-writing campaign Wednesday seeking corporate disclosure of all political contributions made with company funds in response to the Supreme Court's January decision enabling unlimited business spending on elections.
The Court's decision on Citizens United v. Federal Election Commission "is likely to put companies under immense pressure to use shareholder funds to support candidates, groups and causes whose positions and activities could threaten a company's reputation, bottom line and shareholder value," wrote about 50 groups in a letter sent to the chairs of 427 publicly-traded companies.
Disclosure, the groups say, could help companies resist that pressure. The organizations also urged corporations to adopt a policy requiring their boards to approve and review all political donations to candidates.
Among the groups who signed the letter are the California Public Employees' Retirement System, Center for Political Accountability, the Council of Institutional Investors and the International Brotherhood of Teamsters.
Currently, 73 publicly traded companies in Standard & Poor's 500 voluntarily disclose and monitor their corporate political spending. The letter was sent to the other 527 that don't.
Among the companies that do disclose their political spending are Aetna, e-Bay, Hewlett-Packard, Merck, Microsoft and United Technologies.
Congressional Democrats are currently working on legislation in response to the SCOTUS decision and among the proposals is to require publicly traded companies receive shareholder approval before they may spend corporate dollars on elections.
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Wednesday, July 13, 2011
It's great that everything is done publicly.They should have nothing to hide.
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Wednesday, July 13, 2011
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Anthony
Monday, July 4, 2011
Among the groups who signed the letter are the California Public Employees' Retirement System, Center for Political Accountability, the Council of Institutional Investors and the International Brotherhood of Teamsters. Maria CNA
Kelly
Thursday, June 9, 2011
Yeah , lots os those companies try not to disclose theire political spending , so they can change their side to the winners side . Duffle Coats
david
Monday, April 25, 2011
There are lots of companies that do not disclose their political spending.
david
Friday, April 15, 2011
That's correct Adam, you have an amazing memory! David @ sell my car
Adam
Monday, March 7, 2011
Center for Political Accountability is not among the groups who signed the letter, as far as I remember that.
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Tuesday, March 1, 2011
Among the groups who signed the letter are the California Public Employees' Retirement System, Center for Political Accountability, the Council of Institutional Investors and the International Brotherhood of Teamsters. Redirect Virus
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Saturday, January 22, 2011
hareholder and advocacy groups launched a letter-writing campaign Wednesday seeking corporate disclosure of all political contributions made with company funds in response to the Supreme Court's January decision enabling unlimited business spending on elections. Mike @ sweating and how to stop sweating
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Monday, December 6, 2010
Currently, 73 publicly traded companies in Standard & Poor's 500 voluntarily disclose and monitor their corporate political spending. The letter was sent to the other 527 that don't.red envelope coupon code - christmas gifts for wife
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