August 31, 2015

Senate Democrats Seek Corporate Disclosure of Political Spending

Forty-four senators signed letter to SEC Chairman Mary Jo White, asking her to move ahead on requirement that public cos. disclose to shareholders their use of corporate resources to influence elections. Democratic senators say that would bring "much-needed accountability to shareholders and transparency to corporate political spending" and that doing so is in line with SEC's requirement that cos. disclose "meaningful financial information" to public Only ~2% of public cos. in U.S. currently mak

Source: Bloomberg.com news