The anniversary of the attack comes as public companies and shareholders are gearing up for what promises to be a contentious proxy season, experts say, when shareholders will be asking not only for more comprehensive details on companies’ political outlays, but also for better oversight of how that spending aligns with corporate values.
The Jan. 6 attack prompted many companies to pause and reassess their political spending and spurred shareholders to ask more questions about how corporate dollars are influencing elections. Although the event helped accelerate a years-long trend toward more transparency, advocates of better disclosure say much work remains to be done.
An index of corporate political spending transparency and oversight has found general improvement among the very largest U.S. companies, but many other big companies are still lagging behind.
Drawing on that model code, the group’s shareholder partners have already filed new resolutions for the 2023 proxy season with Amazon Inc. AMZN, +2.98%, Eli Lilly & Co. LLY, +1.42%, and a handful of other major companies, seeking better disclosure of political spending through trade associations and other third-party organizations.
Some critics see many of the shareholder proposals related to political spending pushing companies in the wrong direction. Directors and executives “have to act in the objective best interests of companies without taking their personal policy preferences into account,” said Scott Shepard, director of the National Center for Public Policy Research’s Free Enterprise Project, a conservative shareholder activism program.
Yea that attack where not one person had a gun a knife or any weapon Had to be real scary for those cowards
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