Hawaii HB149 mandates corporations to report annual independent expenditures and political contributions to shareholders.

Hawaii HB149 amends the state's corporate laws to require domestic and foreign corporations making more than $10,000 in independent expenditures and political contributions annually to disclose this information to their shareholders. This transparency aims to inform shareholders, deter corruption, and gather data for enforcing campaign spending limitations. The report must be delivered to shareholders simultaneously with the corporation's annual report. The bill emphasizes the importance of shareholders having access to information about corporate affairs.

Hawaii HB149 mandates corporations to report annual independent expenditures and political contributions to shareholders.

Hawaii HB149 amends the state's corporate laws to require domestic and foreign corporations making more than $10,000 in independent expenditures and political contributions annually to disclose this information to their shareholders. This transparency aims to inform shareholders, deter corruption, and gather data for enforcing campaign spending limitations. The report must be delivered to shareholders simultaneously with the corporation's annual report. The bill emphasizes the importance of shareholders having access to information about corporate affairs.