Shareholder Approval of Political Contributions – Coming Soon?

On June 22, 2010, I posted an item concerning AB 919 (Nava), a California bill that would require corporations to report political contributions to shareholders and make refunds to those shareholders who don't agree.  In today's Proxy Season Blog, Therese Doucet writes about similar legislative efforts in New York, Massachusetts and even in Congress.  Broc Romanek also mentions these efforts in his blog at  Although AB 919 failed passage in the Senate Banking, Finance & Insurance Committee on June 16, 2010, I suggest keeping a close watch on the legislature as the current session comes to a close next month.  Bills like this often resurrect themselves through the "gut and amend" process, which I wrote about here.