Study: Major companies are increasingly disclosing their political spending
Study: Major companies are increasingly disclosing their political spending
By Tom Hamburger September 24 at 12:01 AM
Major corporations are increasingly disclosing their political spending this election year, even as some business groups discourage them from doing so, according to a new study set for release Wednesday.
The annual index of corporate political spending by the Center for Political Accountability shows that a majority of nearly 200 publicly held companies received higher ratings for disclosure this year compared with 2013.
"More leading companies are establishing political disclosure as a mainstream corporate practice," said Bruce Freed, president of the group, which conducts the annual survey in conjunction with the Zicklin Center for Business Ethics Research at the University of Pennsylvania.
The study examines policies and practices of disclosure on the websites of leading corporations. This year 20 companies received top rankings for disclosure and accountability. Two companies -- CSX Corp. and Noble Energy Inc. -- received the top score ever awarded. Several others, including Blackrock Inc. and Schlumberger Ltd., were cited for showing "greatest improvement" in making political spending information public.
More:
http://www.washingtonpost.com/blogs/post-politics/wp/2014/09/24/major-companies-increasingly-choose-to-disclose-their-political-spending-study-says/
