Washington, D.C. – An “overwhelming majority” of American shareholders express concern that company political spending ‘puts corporations at legal risk and endangers’ shareholder value, according to a poll released today. A similar majority want companies to adopt political…
Washington, D.C. – Bristol-Myers Squibb (NYSE: BMY) and Staples (NASDAQ: SPLS ) agreed to disclose and have their directors oversee soft money political contributions made with corporate funds. In addition, Amgen (NASDAQ: AMGN) became the first company whose board of directors…
Washington, D.C. — Texas Instruments (NYSE: TXN), WashingtonMutual (NYSE: WM), Xerox (NYSE: XRX), Capital One (NYSE: COF) andAmerican Express (NYSE: AXP) have agreed to report their payments to trade associations and other tax-exempt groups used for political purposes…
A company that effectively discloses its political spending builds trust among shareholders and financial analysts. A company that fails to disclose risks making political spending decisions that can lead to financial losses and a compromised corporate reputation. The Green Canary explores the risks posed to shareholders in the absence of disclosure, and presents two methods…
Washington, D.C. – Twenty seven of 30 large cap U.S. equity mutual funds voted against political disclosure resolutions the second proxy season, the Center for Political Accountability (CPA) reported today. Updating a Common Cause study of mutual fund votes in last year’s…
Washington, D.C. – The indictment of the No. 2 House leader for Texas campaign finance law violations underscores a much larger problem: undisclosed and unaccountable corporate political contributions invite corruption and threaten shareholder warned Bruce F. Freed…
Washington, D.C. — Directors are strikingly silent as a leading trade association threatens to entangle their companies in the divisive judicial wars, the Center for Political Accountability (CPA) found in a survey released today. Indeed, most of the directors queried didn’t…
Washington, D.C. — A survey released today by the Center for Political Accountability (CPA) found that more large companies are reluctant, in the face of strong public opposition, to support the Bush administration’s plans to overhaul Social Security. However, many of these…
Washington, D.C. – The Center for Political Accountability (CPA) asked America’s largest companies to disclose whether they are spending corporate funds in the Social Security reform debate. The Center’s mission is to bring transparency and accountability to corporate…