How companies engage in politics matters

Shareholders & the public are in the dark

Companies need to disclose

This year, the Corporate Reform Coalition is calling on companies to disclose the money they spend engaging in politics to shareholders and the public.

Check out these upcoming shareholder votes on disclosure.
If you own shares in these companies you can cast your votes up until midnight the night before the annual meeting.

Cognizant Technology Solutions Corp.

AGM: June 4, 2019
Shareholder Vote on Election Spending:

Tweet: More & more companies are being fully honest with shareholders about their political spending. @Cognizants shareholders deserve no less.

General Motors

AGM: June 4, 2019
Shareholder Vote on Lobbying:

Tweet: More & more companies are being fully honest with shareholders about their lobbying. @GM‘s shareholders and customers deserve no less.

Vertex Pharmaceuticals

AGM: June 5, 2019
Shareholder Vote on Lobbying:

Tweet: More & more companies are being fully honest with shareholders about their lobbying. @VertexPharma‘s shareholders deserve no less.

Comcast

AGM: June 5, 2019
Shareholder Vote on Lobbying:

Tweet: How much does @comcast spend lobbying in the states on #NetNeutrality or pay for trade associations to lobby on its behalf? ¯\_()_/¯ 

Netflix Inc.

AGM: June 6, 2019
Shareholder Vote on Election Spending:

Tweet: More & more companies are being fully honest with shareholders about their political spending. @netflixs shareholders and customers deserve no less.

Many companies successfully disclose

Below are a few of the reasons why disclosing political spending & lobbying activity is good for the corporate bottom line

SMART RISK MANAGEMENT

Shareholders deserve to know whether a company has sound policies in place to manage political activity and be able to assess the repetitional risk of that activity. 

AVOID A POLITICIAN'S SHAKEDOWN

In the face of a politician offering special access or corporate- friendly policies in exchange for secret support for the politician’s or party’s agenda an executive can cite the company’s policy of disclosing its political activity and sidestep any unsavory dealings. 

CUSTOMER BACKLASH

Increased transparency can protect against political donations that might trigger a backlash from customers as Americans are paying close attention to which companies have close ties to the President and seem to endorse or not endorse his agenda. 

Are your retirement savings protecting secret spending?

The major mutual fund companies like Vanguard have incredible power in corporate elections, power accumulated from the millions of retirement savings accounts they manage. With the volume of shares Vanguard controls the company can and should support shareholder resolutions calling for political spending & lobbying disclosure.