MORE COMPANIES AGREE TO DISCLOSE DONATIONS.

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Section: News: Washington Outlook

CAPITAL INSIDER

MORE COMPANIES AGREE TO DISCLOSE DONATIONS

Advocates for shareholders are making headway in their bid to prod companies to disclose soft-money political donations. Bristol-Myers Squibb and Staples are the latest businesses to agree to reveal and give their boards oversight on soft money donations -- the large contributions that companies and individuals can make to state parties. In addition, Amgen's board has endorsed a shareholder resolution calling for oversight and disclosure. Shareholders will vote on the plan at its May annual meeting. Companies that earlier agreed to disclosure and oversight are Morgan Stanley, Johnson & Johnson, Schering-Plough, PepsiCo, Coca-Cola, and Eli Lilly.

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