As
highlighted in a recent article in the LA
Times, three of the Center's partners, Calvert
Asset Management, Walden Asset Management, and
Trillium Asset Management have co-filed a
shareholder resolution at Target Corp. urging
the company to adopt more comprehensive
oversight and evaluation procedures for its
political spending.
"...The three management firms sponsoring the resolution - Calvert Asset Management, Trillium Asset Management, and Walden - together hold $57.5 million of Target stock. Other institutional investors, including the giant New York state pension fund and union investment managers, are considering co-signing the resolution, which calls on Target's independent directors to review the criteria and risks in making donations to organizations active in political campaigns...
The article also highlighted the CPA and its forthcoming Handbook on Corporate Political Activity to be published by the Conference Board in September, 2010
...The Conference Board, an influential business association, is preparing to publish a guide advising companies and their directors to be cautious in the new era of campaign contribution...
...Bruce Freed, president
of the Center for Political Accountability and
one of the guide's authors, said corporate
executives were tracking the Target situation
closely and looking for ways to avoid similar
public relations problems."
Read the entire the
article here
New Tool for the
Media, Investors and Public to
Research,
Compare Companies, Their
Political
Spending and Trade Association
Payments Washington,
DC -- The Center for Political Accountability
has launched
a new corporate
political accountability and disclosure
database to provide a valuable tool for the
media, investors and the public
and shed greater light on direct and indirect
corporate political spending.
CPA Unveils Database on Corporate
Political Disclosure and
Accountability
The database allows its
users to compare how specific companies measure
up to industry competitors for political
accountability and disclosure. Users can also
track political spending with corporate funds,
including through trade associations and other
tax-exempt organizations by accessing the
company disclosure reports made available
through the database.