Despite changes to the shareholder proposal landscape during the 2026 proxy season, the Center for Political Accountability (CPA) reports continued momentum for its corporate political spending disclosure and accountability campaign. As of May, CPA’s shareholder partners filed political spending disclosure proposals at 29 companies this year, reaching agreements with nine companies that resulted in proposal withdrawals, while seven companies omitted the proposal.
Among the 10 proposals that have gone to a vote so far, support has averaged 31.8%, with several proposals receiving more than 40% support. CPA notes that these results follow a strong 2025 season, when political spending disclosure proposals averaged 41.4% support, and included five majority votes. By comparison, CPA says support for lobbying disclosure proposals has been more mixed this year, with proposals at Goldman Sachs and Eli Lilly receiving 37.7% and 14.9% support, respectively.
CPA suggests that the results demonstrate continued investor interest in political spending transparency despite regulatory uncertainty and evolving SEC policies. The organization also notes that many companies continue to adopt voluntary disclosure and oversight practices in response to shareholder expectations, even in the absence of regulatory requirements.
Access additional resources on our Political Contributions & Disclosure page.
This post first appeared in the weekly Society Alert!