SEC considers corporate political disclosure rules
Michael Kramer‘s GreenBiz.org column in February looked at the SEC’s ongoing process of considering new rules governing disclosure of corporate political contributions. Read the whole thing at GreenBiz; here’s a teaser:
Corporate spending on political contributions and lobbying can create reputational risks — especially when S&P 500 companies spent more than $1 billion on these activities for 2010. Such risks can be managed effectively if companies examine whether their memberships in trade associations that are engaged in lobbying activities accurately represent their corporate interests and policy positions. Shareholders in turn need to understand their companies’ spending for trade association lobbying and the risks they might present. And now, the Securities and Exchange Commission is considering a rule to require public companies to disclose their spending on politics and lobbying.
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