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Several major companies adopt "political transparency and accountability policies"

CQ Politics.com reports: The Center for Political Accountability announced today that three leading public companies Verizon Communications (NYSE: VZ - news), Monsanto (NYSE: MON - news), and General Dynamics (NYSE: GD - news) have agreed to disclose some or all of their political spending made with corporate funds. Monsanto and General Dynamics also agreed to establish board oversight of their political spending. Verizon reports that their board already receives reports on these contributions annually, and will continue to do so.

Verizon, Monsanto, and General Dynamics join 12 other major companies that adopted political transparency and accountability policies during the 2005 and 2006 shareholder resolution seasons.

Under the policies, each company will post a complete list of corporate political contributions on its website and disclose the guidelines for their political giving. In addition, Monsanto and General Dynamics will join Verizon in establishing annual oversight of the corporate political contributions process at the Board level. -- Verizon, Monsanto, General Dynamics Adopt New Policies for Political Spending - Yahoo! News

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