NY State pension fund seeks disclosure of corporate political spending
ALBANY, N.Y. -- New York's $176.2 billion pension fund for public workers this year has proposed 29 corporations more thoroughly disclose their political spending.
Three have agreed to do it: Comcast, Peabody Energy and CF Industries.
New York Comptroller Thomas DiNapoli, the fund's trustee, said Friday the proposal has received majority approval despite board opposition at Valero Energy and Dean Foods. At six others, it got at least one-third support.
The proposal calls for annual reporting of spending on candidates, political parties, ballot measures and direct or indirect state and federal lobbying. It also would require the companies to report spending that goes to any trade associations for political purposes. The resolutions are non-binding but can sway corporate boards to abide by what shareholders call for.
http://www.syracuse.com/news/index.ssf/2014/07/state_pension_fund_seeks_disclosure_of_corporate_political_spending.html#incart_river
