The SEC has given the green light for shareholders in Fox Corporation to vote this fall on a proposal regarding the company’s lobbying activities.
The proposal, filed by Kenneth Steiner on behalf of John Chevedden, requests that Fox prepare an annual report disclosing:
Company policy and procedures governing direct and indirect lobbying and ‘grassroots lobbying communications’
Payments by Fox used for direct or indirect lobbying or grassroots lobbying communications, noting the amount of the payment and the recipient
Fox’s membership of and payments to any tax-exempt organization that writes and endorses model legislation
Management’s and the board’s decision-making process and oversight regarding payments for lobbying and grassroots lobbying communications.Fox faces vote on lobbying proposal | Corporate Secretary