The Magazine of Corporate Responsibility

Tag Archive for ‘Center for Political Accountability’

Home Depot Political Donation Resolution Results Reported

The shareholder resolution addressing political contribution policies at Home Depot Inc. was soundly defeated, the company said in an 8K filing with the Securities and Exchange Commission. The filing said the resolution received 49.2 million for votes; against votes totaled 932.2 million, while there were 138.8 million abstained votes and 239.5million “broker non-votes.”

Political Spending Proposal Defeated at Home Depot

The proposal by NorthStar Asset Management, a Boston money manager, requested that the company annually report on its political policies and contributions, disclose future anticipated spending, and provide an analysis of how such spending matches company values or policy. Although the measure was defeated, it is considered to be a template for similar proposals at other corporate annual meetings.

Shareholders Press for Political Spending Disclosure

The Center for Political Accountability, examining results of disclosure proposals for the 2010 annual meeting season, found that shareholder support for disclosure rose to a record 30.25% at 28 meetings.

Citizens United and Political Contributions: The Story So Far

Even before corporations and other groups start writing checks to exercise their new-found freedom, the Citizens United case appears likely to emerge as a key litmus test in the process of selecting a successor to Justice John Paul Stevens, who has announced his plan to retire after the current Supreme Court term.

Shareholder Advocates Urge Disclosure of Political Spending

The Center for Political Accountability, the Council of Institutional Investors and a number of shareholder advocate groups have launched a letter-writing campaign urging companies in the Standard & Poor’s 500 Index to disclose all political contributions they make with corporate funds.