There are big differences in what firms reveal about their political donations
IT IS not just the incestuous make-up of News Corporation's board that annoys its shareholders.
Activist investors such as the Nathan Cummings Foundation also complain about the firm's lack of transparency about its political donations.
Although News Corp opened up a bit this year,
it is still more opaque than its peers in the S&P 100, as a new index of corporate political disclosure shows.
The index, launched by the Robert Zicklin Centre for Corporate Integrity at Baruch College on September 15th,
1_副本.jpgdoes not argue that corporate political donations are good or bad.
But its compilers believe that the public and shareholders have a right to know what firms are up to.
It looks at 57 measures of transparency, including how many clicks it takes to get from the firm's website to information about political donations and how detailed that information is.
News Corp is one of 28 companies rated “opaque”,