Charter Shareholders to Vote on Lobbying Disclosure Requirements
Charter Communications shareholders are being advised to vote down a proposal that would require the company to annually report on lobbying policies, including an itemized list of what it spends annually on direct and indirect lobbying, and its membership in…
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and payments to any tax-exempt group that writes or endorses model legislation. It's one of four shareholder proposals on the agenda for the company's April 25 shareholder vote, it said in a proxy statement filed Thursday with the SEC. It said the proposals were made by the New York State Common Retirement Fund and New York State Local Retirement System. Advising a "no" vote, the Charter board said the lobbying information it makes publicly available "strikes the appropriate balance between transparency and excessive burden and cost." A similar shareholder proposal is also part of AT&T's proxy vote in April (see 1803130003).