L3Harris Technologies, Inc. | Transparency in regard to lobbying at L3Harris Technologies, Inc.

Status
37.87% votes in favour
AGM date
Proposal number
5
Resolution details
Company ticker
LHX
Lead filer
Individual
Resolution ask
Report on or disclose
ESG theme
  • Governance
ESG sub-theme
  • Lobbying / political engagement
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Industrials
Company HQ country
United States
Resolved clause
Resolved, the shareholders of L3Harris request the preparation of a report, updated annually, disclosing:
1.
Company policy and procedures governing lobbying, both direct and indirect, and grassroots lobbying communications.
​
2.
Payments by L3Harris used for (a) direct or indirect lobbying or (b) grassroots lobbying communications, in each case including the amount of the payment and the recipient.
​
3.
L3Harris’ membership in and payments to any tax-exempt organization that writes and endorses model legislation.
​
4.
Description of management’s and the Board’s decision-making process and oversight for making payments described in sections 2 and 3 above.
Whereas clause
Whereas, I believe in full disclosure of L3Harris’ direct and indirect lobbying activities and expenditures to assess whether L3Harris lobbying is consistent with its expressed goals and in shareholder interests.
Supporting statement
For purposes of this proposal, a “grassroots lobbying communication” is a communication directed to the general public that (a) refers to specific legislation or regulation, (b) reflects a view on the legislation or regulation and (c) encourages the recipient of the communication to take action with respect to the legislation or regulation. “Indirect lobbying” is lobbying engaged in by a trade association or other organization of which L3Harris is a member.
Both “direct and indirect lobbying” and “grassroots lobbying communications” include efforts at the local, state and federal levels.
The report shall be presented to the Audit Committee and posted on L3Harris’ website.

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