Goldman Sachs Trying to Kill Initiative Requiring More Lobbying Disclosure

Amid intensifying shareholder pressure on companies to be more transparent about their political spending, Goldman Sachs has moved to prevent its shareholders from voting to force executives to disclose their efforts to influence politicians, according to corporate documents reviewed by International Business Times. The banking behemoth, which has been boosted by taxpayer-financedbailouts and has landed former executives in key government jobs, asked federal regulators to bless its attempt to block the initiative in a letter sent to the Securities and Exchange Commission — an agency now chaired by a former outside attorney for Goldman Sachs whose spouse also worked at the bank.

Goldman’s request to the SEC comes in response to shareholders’ proposed resolution to require the bank to release an annual report documenting the policies governing the company’s lobbying, and disclosing all payments made by the company for direct and indirect lobbying of public officials.

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http://www.ibtimes.com/political-capital/goldman-sachs-trying-kill-initiative-requiring-more-lobbying-disclosure-2635329?utm_content=buffer1d666&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

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