Investors have pushed more than 120 public companies in the U.S.to reveal previously confidential details of their politicalspending even as regulators remain deadlocked over whether tomandate such disclosures.

Thirty-one companies — up from 28 last year — will holdshareholder votes in 2013 on resolutions calling for disclosure ofhow much they spend to influence politics, according to theWashington-based Center for Political Accountability, which helpswrite the resolutions. The first of those votes, at Humana Inc.'sannual meeting, is scheduled for today.

Another 16 companies, including Boeing Co., KeyCorp, QualcommInc., and Southwest Airlines Co., have agreed to provide investorswith data on their political spending this year in an effort toavoid shareholder votes mandating the disclosures.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.