More Companies Sign On to Corporate Political Disclosure Rules

Release:

Support by the largest institutional investors for the Center for Political Accountability’s corporate political disclosure resolution jumped to 83.5 percent in 2021, up from 75.7 percent in 2020 according to analysis based on shareholder voting data from Proxy Insight. Support increased modestly from 2018 to 2019 (1.3 percentage point increase) but from 2019 to 2021 support from the largest investors increased by nearly 25 percent (16.6 percentage point increase from 66.9 percent support in 2019). BlackRock and Vanguard, the two largest investment managers globally, both backed the CPA model proposal for the first time in the 2021 Proxy Season. In 2021 BlackRock cast its proxies in support at six of 12 companies and Vanguard at three of 12 where the Center’s resolution went to a vote.

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