Arguing that Pfizer’s political spending conflicts with the company’s publicly stated values, a philanthropic organization is urging shareholders to support a proposal that would require the drug maker to publish an annual report analyzing its donations.
The proposal, which is among those to be voted on at the Pfizer (PFE) annual meeting on Thursday, addresses political contributions that pose not only financial risks, but could also jeopardize its standing with the public at large, according to The Tara Health Foundation, which supports numerous organizations devoted to women’s health, the environment, and socially conscious investing.
About the Author Reprints
