Washington Post: The most and least transparent companies for political spending (In the News)

Washington Post: The most and least transparent companies for political spending

By Jena McGregor

The report released Tuesday, by the nonpartisan Center for Political Accountability and researchers at the University of Pennsylvania’s Zicklin Center for Business Ethics Research, creates an index that ranks companies based on the disclosure, oversight and policies about their election-related spending…

The study ranks companies based on the information they provide on their web sites about factors such as payments to super PACs and tax-exempt organizations like 501(c)(4)s, whether or not senior managers or board members oversee political spending and activities, and what kind of policies they outline for how and where money can be spent…

One critic of the index is the Center for Competitive Politics’ Brad Smith, a former Federal Election Commission chair who says much political spending by corporations is already disclosed and that the index is a “one-size-fits-all” model that does not necessarily have corporations’ best interests at heart. He suggests those behind the index “tend to think corporate involvement is a bad thing — they want to get corporations not to participate. But most Americans, I think, believe corporations do have a role to play in terms of politics.”

The Center for Competitive Politics is now the Institute for Free Speech.