DiNapoli: New York State Pension Fund Expands List Of Corporations That Disclose Political Spending

State Comptroller Tom DiNapoli reports that “in 2016, the New York State Common Retirement Fund (Fund) reached agreements with six major corporations to voluntarily disclose their political spending, New York State Comptroller Thomas P. DiNapoli announced today. The latest agreement is with J.M. Smucker Co., which has adopted the Fund’s request that it publicly report all direct and indirect corporate political spending.

“In the aftermath of the Supreme Court’s decision in Citizens United, investors have been left in the dark on how and where corporate dollars are spent on political causes,” DiNapoli said. “I believe shareholders have the right to know where their money is being spent. I applaud J. M. Smucker Co. for agreeing to voluntarily disclose its political spending. Transparency is vital so investors can determine whether political spending is consistent with enhancing the company’s profitability.”

A list of 34 companies is included in the linked press release.

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