The Magazine of Corporate Responsibility

Tag Archive for ‘DISCLOSE Act’

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.

Democrats Introduce Political Contributions Legislation

Democrats officially launched their long-expected legislative response to the Supreme Court’s Citizens United ruling freeing up corporations, unions and other groups to make political contributions. Five U.S. Senators released their version of the DISCLOSE Act – an acronym for the “Democracy is Strengthened by Casting Light on Spending in Elections” Act. Similar legislation was introduced in the House. (File Photo)