Mr. Smith’s claim that NorthStar Asset Management is trying “to persuade corporations to voluntarily surrender their First Amendment rights” is mistaken. This is not and has never been NorthStar’s position. NorthStar shareholder proposals asking companies to provide shareowners with a nonbinding vote on corporate political spending is an exercise of our right, as owners of the company, to hold corporations accountable for political spending decisions.
Political Disclosure Won’t Inhibit Corporate Speech (Wall Street Journal: 11/23/11)
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