SB57 mandates annual reports for shareholders on corporate political contributions and expenditures.
SB57 requires domestic and foreign corporations in Hawaii that make more than $10,000 in independent expenditures and political contributions annually to report this information to their shareholders. The report must detail the specific monetary or nonmonetary benefits received from these activities. This transparency aims to deter corruption, prevent circumvention of campaign spending limits, and provide shareholders with crucial information for informed decision-making. The report must be delivered to shareholders concurrently with the corporation's annual report.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.