Ameriprise Financial, Chubb, Mondelez International, MSCI, and Tractor Supply have agreed to share details about their political spending in response to rising investor pressure on directors to explain how they use shareholders' funds to influence campaigns. The move by the five U.S. companies represents a significant step forward for corporate governance campaigners, who have used the threat of votes at annual shareholder meetings to wring extra disclosures from companies, reports the Financial Times
(19 March, Edgecliffe-Johnson). Last year, supermarket chain Publix suspended its politician contributions after protests over its donations to a candidate in Florida, while Intel and Purina cut off their financial support for Steve King, an Iowa congressman, after he expressed support for white nationalism.
From "U.S. Companies Agree to Share Details on Political Donations"
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