Posts tagged political spending
Coca-Cola Co: Alignment of Stated Corporate Values with Political and Electioneering Expenditures

BE IT RESOLVED: Shareholders request that the Coca-Cola Board of Directors prepare and publish a report at least six months prior to the next Annual General Meeting, at reasonable expense, analyzing the negative impacts to our brand image, culture, customer base, and shareholder value of associating our brand with politically divisive events that contravene our publicly stated goals and public commitments.

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Verizon Communications Inc: Political Expenditures Misalignment with Company Strategy

BE IT RESOLVED: Shareholders request the Board annually report, at reasonable expense, on Verizon’s political and electioneering expenditures, identifying and analyzing incongruence between such expenditures and the Company’s operational and strategic needs and its stated values and policies. The report should state whether Verizon has made, or plans to make, changes in contributions or communications as a result of identified incongruencies.

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Molina Healthcare Inc: Political Expenditures Misalignment with Company Strategy

BE IT RESOLVED: Shareholders request the Board annually report, at reasonable expense, on Molina Healthcare’s political and electioneering expenditures, identifying and analyzing any potential incongruence between such expenditures and its stated values and policies. The report should state whether Molina has made or plans to make changes in contributions or communications as a result of identified incongruencies.

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JPMorgan Chase & Co: Disclosure of Incongruent Lobbying Activity

BE IT RESOLVED: Shareholders request the Board publish a report, at reasonable expense, analyzing the congruence of Chase’s political and electioneering expenditures during the preceding year against Chase’s publicly stated company values and policies; listing and explaining any instances of incongruent expenditures; and stating whether the company has made, or plans to make, changes in contributions or communications to candidates as a result of identified incongruencies.

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AT&T Inc: Alignment of Stated Corporate Values with Political and Electioneering Expenditures

BE IT RESOLVED: Shareholders request that AT&T publish a report, at reasonable expense, analyzing the congruence of the Company’s political and electioneering expenditures during the preceding year against publicly stated company values and policies, listing and explaining any instances of incongruent expenditures, and stating whether the Company has made, or plans to make, changes in contributions or communications to candidates as a result of identified incongruencies.

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AbbVie Inc: Alignment of Stated Corporate Values with Political and Electioneering Expenditures

BE IT RESOLVED: Shareholders request that AbbVie annually analyze and report, at reasonable expense, the congruence of its political, lobbying, and electioneering expenditures during the preceding year against its publicly stated company values and policies, listing and explaining instances of incongruent expenditures, and stating whether the identified incongruencies have or will lead to a change in future expenditures or contributions.

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Fedex: Disclosure of direct and indirect lobbying activities and expenditures

Resolved: The stockholders of FedEx request the preparation of a report, updated annually, disclosing:

1. Company policy and procedures governing lobbying, both direct and indirect, and lobbying communications.

2. Payments by FedEx used for (a) direct or indirect lobbying or (b) grassroots lobbying communications, in each case including the amount of the payment and the recipient.

3. FedEx’s membership in and payments to any tax-exempt organization that writes and endorses model legislation.

4. Description of management’s and the Board’s decision-making process and oversight for making payments described in section 2 and 3 above.

For purposes of this proposal, a “grassroots lobbying communication” is a communication directed to the general public that: (a) refers to specific legislation or regulation, (b) reflects a view on the legislation or regulation, and (c) encourages the recipient of the communication to take action with respect to the legislation or regulation. “Indirect lobbying” is lobbying engaged in by a trade association or other organization of which FedEx is a member.

Both “direct and indirect lobbying” and “grassroots lobbying communications” include efforts at the local, state and federal levels. The report shall be presented to the Nominating & Governance Committee and posted on FedEx’s website.

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FedEx: Disclosure of Lobbying Activities and Expenditures

BE IT RESOLVED: The stockholders of FedEx request the preparation of a report updated annually, disclosing:

1) Company policy and procedures governing lobbying, both direct and indirect, and grass roots lobbying communications.

2) Payments by FedEx used for (a) direct or indirect lobbying or (b) grassroots lobbying communications, in each case including the amount of the payment and the recipient.

3) FedEx’s membership in and payments to any tax-exempt organization that writes and endorses model legislation.

4) Description of management’s and the Board’s decision-making process and oversight for making payments described in section 2 and 3 above.

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