Financial Times FT.com

Pension funds insist companies reveal political gifts

By Stephanie Kirchgaessner in Washington

Published: January 11 2006 02:00 | Last updated: January 11 2006 02:00

The lobbying scandal rocking Washington has centred so far on corrupt relationships between lobbyists and legislators. But the issue is also giving new impetus to governance activists, who are increasingly demanding that big business do a better job of disclosing - and justifying - political donations.

A group of pension funds led by William Thompson, the New York City comptroller, is stepping up demands that six companies, including Wal-Mart and Chevron, disclose all direct and indirect political contributions to lawmakers and political parties.

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