This post came from David Nicklaus's article in the St. Louis Post-Dispatch, June 16, 2015.
When the Supreme Court’s Citizens United ruling allowed corporate money in politics, it also stirred shareholder concerns about how their money was being used.
I immediately asked that public company shareholders should be able to vote on how their money is spent on political contributions.
In the past five years, dozens of companies have faced shareholder votes urging greater disclosure of their political spending, including contributions made anonymously through trade associations. Some business groups, including the U.S. Chamber of Commerce, say the proposals are aimed at silencing corporations’ voice in politics, but advocates of disclosure deny that.
They say they simply want shareholders to know where their money is going.
Shareholder's proposals have won majority votes at a few companies, including H&R Block and Dean Foods. Proposals were withdrawn when other firms, including Comcast and Wal-Mart, agreed to improve their disclosures.
CLICK HERE to read his article.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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