Tag: corporate lobbying disclosure

Tug-of-war over shareholder proposals for lobbying disclosure

Just like the 2017 Consolidated Appropriations Act, the 2018 Consolidated Appropriations Act expressly precluded the use of any of the appropriated funds for issuance or implementation by the SEC of any rule regarding the disclosure of political contributions, contributions to tax exempt organizations or dues paid to trade associations. Not that political spending/corporate lobbying disclosure rules were a hot prospect at the SEC these days anyway.  So what’s a political spending/lobbying disclosure true believer to do? Shareholder proposals, of course.  After all, private ordering seemed to work for proxy access. And now it seems like everyone is getting into the act.