Thursday, February 10, 2011

A Wall Street insider newsletter provides this useful profile of the wave of stockholder resolutions demanding that companies disclose their political spending, including their donations to trade associations (e.g., the US Chamber of Commerce) that shield a corporation’s partisan activity from public scrutiny. Churches, pension fund managers, social investment funds and others are using their voting power to pressure corporations to tell stock owners and the public how they may be taking advantage of the Supreme Court’s Citizens United decision.