Archive for March, 2012

DISCLOSE Act Statement for Senate Rules Committee Hearing 3-29-12

March 28, 2012

In collaboration with the IRRC Institute, Si2 submitted a statement for the record to the U.S. Senate Committee on Rules and Administration, regarding the committee’s consideration of the DISCLOSE Act of 2012. The statement begins:

In the wake of the landmark Citizens United Supreme Court decision, numerous organizations are providing input on the highly contentious policy debate regarding the disclosure of political expenditures. As the Committee examines each side of the debate and potential legislation, we believe an important element of the decision making process is a careful examination of neutral, nonpartisan data on what companies actually are doing with regard to disclosure of political expenditures. The full statement is attached here: FINAL Statement to S Rules March 2012

Attached to the statement is the November 2011 Si2/IRRC study, Corporate Governance of Political Expenditures – 2011 Benchmark for SP500.

What’s Behind All Those Lobbying Proposals

March 10, 2012

In a new post on the Harvard Law School Forum on Corporate Governance and Financial Reform , Si2’s board chair, Julie Gorte of Pax World Funds, and Si2 executive director Heidi Welsh explain what’s behind the rash of lobbying shareholder proposals that investors will consider this spring at corporate annual meetings. The post notes that companies usually don’t discuss lobbying when they talk about “political spending,” although the reach of corporate influence in government is precisely what prompted the Occupy movement and underlies this year’s big new crop of political spending shareholder resolutions. Investor proponents want disclosure of all kinds of spending, and they are particularly interested in spending through intermediaries such as trade associations and “social welfare” organizations that currently need not make public who gives them money.

New Report on Hydraulic Fracturing

March 8, 2012

MARCH 8, 2012: Si2 and the IRRC Institute today released “Discovering Shale Gas: An Investor Guide to Hydraulic Fracturing.” The report provides an in-depth look at the environmental and social impacts of shale gas development, identifies key questions for investors and includes 10 company profiles. An expert panel representing industry, environmental groups and investor activists provided input to the report.

An audio copy of the webinar, featuring report author Susan Williams, IRRCI executive director Jon Lukomnik and Si2 executive director Heidi Welsh, will be available soon.

A copy of the report is available here: Discovering Shale Gas – An Investor Guide to Hydraulic Fracturing

A press release about the report is available here: Hydraulic Fracturing Press Release, March 8, 2012

Slides from the webinar are available here: Discovering Shale Gas – Webinar Slides, 3-8-12