Mutual Fund Support for Political Spending Disclosure Inches Upward
by Robert Kropp
An analysis prepared for the Center for Political Accountability by Jackie Cook of Fund Votes
reveals that mutual fund support for corporate political spending disclosure increased in 2011 for
eighth year in a row.
During the 2011 proxy season,
shareowner resolutions addressing political spending and disclosure were included on the ballots of
32 companies. Vote totals for eight of the resolutions exceeded 40%, and an additional 14
resolutions gained more than 30% of shareowner support. At Sprint Nextel, a majority of shareowners
approved the resolution.