What’s Behind All Those Lobbying Proposals

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.

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