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On anniversary of Jan. 6, companies face new scrutiny of political spending
Politics

On anniversary of Jan. 6, companies face new scrutiny of political spending

Two years after the Jan. 6, 2021, attack on the U.S. Capitol sharpened shareholders’ focus on corporate political spending, major U.S. companies are facing new pressures to better monitor and disclose how they dole out cash in Washington, D.C.  The anniversary of the attack comes as public companies and shareholders are gearing up for what promises to be a contentious proxy season, experts say, when shareholders will be asking not only for more comprehensive details on companies’ political outlays, but also for better oversight of how that spending aligns with corporate values. And with a closely divided Congress dimming hopes for legislative remedies, some lawmakers and consumer advocates are pressing President Joe Biden to help address the transparency issue by issuing an execu...