Corporate Political Disclosure Shareholder Proposals Draw Surprising Support

This Covington client alert reports that shareholder proposals for greater corporate political spending transparency received unusually strong support in 2025, averaging 42% compared to 26% in 2024. The alert highlights rising investor expectations shaped by the CPA-Zicklin Index and warns companies to balance transparency with legitimate confidentiality, emphasizing the governance risks of insufficient disclosure and unexamined political expenditures.