Disconnect on display: Google shareholders pressure the data-collection giant to be more transparent at annual meeting
Today Google’s shareholders will once again press the company at its annual shareholder meeting with a resolution to be more transparent about its lobbying expenditures. Though the company opposes the proposal, investors are right to request the tech giant to disclose this information.
Google has embraced old-school lobbying and political spending as a means to advance its policy positions: The tech giant has already spent more than $5.4 million on federal lobbying this year.
Good governance groups applauded the company’s decision last year to leave the controversial and regressive American Legislative Exchange Council (ALEC), but have rightly pushed the company to do more. Exiting a group you disagree with on many issues isn’t necessarily a bold move, and Google’s shareholders are looking for the company to transition to a leader on political spending and lobbying transparency. Google notably lags behind many of its tech peers like Microsoft and Intel when it comes to this issue.