Wall Street Journal Op-ed Attacks Corporate Disclosure of Political Spending
by Robert Kropp
Bruce Freed of the Center for Political Accountability talks with SocialFunds.com about the
mischaracterizations in the Journal's op-ed piece, and describes the widespread support for greater
disclosure.
CPA has thus far engaged successfully
with 90 major US corporations, convincing them to voluntarily adopt policies addressing political
spending and board oversight of the issue. More than half the companies are listed in the S&P 100.
The leading companies also report their payments to trade associations such as the US Chamber of
Commerce, and in some cases directly request that their membership payments not be used for
political purposes.
Last month, CPA sent letters to 423 corporations that do not disclose
their political contributions, pointedly asking them to "adopt political spending disclosure and
accountability ahead of the 2012 proxy season."