The Center for Political Accountability is adding to the pressure public companies face to disclose political spending, according to Zachary Parks of Covington & Burling. The organization issued a report last week detailing how companies disclose their political spending. Previously, the report has been used for “identifying and targeting low-scoring companies for adverse press, shareholder resolutions, and litigation, all aimed at pressuring them to voluntarily disclose (or outright ban) political spending,” Parks explains. Here are some top takeaways from this year’s report:
• Close to two dozen companies in the S&P 500 received top rankings: Becton, Dickinson and Co. and CSX Corp. and Noble Energy Inc. all tied for top spot this year when it comes to political disclosure. Other companies that scored well include Edison International, Microsoft and United Parcel Service.
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