Our friends at the Center for Political Accountability (CPA) received a great plug by Jeffrey Birnbaum in today’s edition of The Washington Post. CPA’s mission is to bring transparency and accountability to corporate political spending.
CEOs and other corporate officers have traditionally kept shareholders in the dark about the company’s political contributions. CPA believes that large corporate political spending distorts the American political process while not necessarily serving the interests of the company or its shareholders. And lack of transparency exacerbates the problems.
CPA is helping build a movement among shareholders and activists groups to push companies to disclose publicly their political giving. They work with shareholders to submit proposals requiring disclosure to investors of political contribution policies, plus the amount, recipient and business purpose of each contribution.