BoA to publicize their campaign donations on their website
All of the information the bank agreed to publish online is already publicly disclosed elsewhere, the bank said, but Mr. Liu said a full accounting of the bank’s political activities is very difficult for the general public or the company’s shareholders to find.
“True disclosure requires a form that is readily and easily accessible in a comprehensive manner,” said Mr. Liu, arguing that the bank’s decision to post the summary in one place on its Web site greatly increases transparency.
New York City Public Advocate Bill de Blasio, a trustee at the city’s largest pension fund, lauded the agreement.
“The Supreme Court’s decision has created a new reality for how campaigns are run and, by extension, how money influences our government,” he said. “Companies need to be fully accountable to shareholders about all of their political expenditures.”
