Western Union 2014 Annual Report Download - page 110

The Western Union Company – Proxy Statement | 92
Proposal 6 PROXY STATEMENT
NOTICE OF 2015 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
• Contributions made directly by the Company are most frequently made to state-level candidates and
representatives, and the Company believes that those persons generally publicly disclose such contributions,
as required by state law.
• Federal law prohibits corporations from contributing corporate treasury funds to federal candidates or
federal campaign committees.
Given all of the above, we believe that this proposal is unnecessary, costly and largely duplicative of current
reporting systems and accountability measures. We believe that participating in the political process in a transparent
manner is key to good governance and an important way to enhance stockholder value and promote healthy
corporate citizenship. We do not believe, however, that implementing a semiannual report on our political activity
would increase stockholder value or provide stockholders with any more meaningful information than is already
available. If adopted, the proposal would apply only to Western Union and to no other company and would cause
Western Union to incur undue costs and administrative burdens without commensurate benefit to our stockholders.
Required Vote; Recommendation Only
The affirmative vote of the holders of a majority of shares of the Company’s Common Stock present in person or
represented by proxy at the Annual Meeting and entitled to vote on the subject matter is required to approve this
Proposal 6. Stockholders should be aware that this stockholder proposal is simply a request that the Board take the
action stated in the proposal. Approval of this proposal may not result in the requested action being taken by the
Board, and therefore, its approval would not effectuate the actions requested by the proposal.
THE BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE AGAINST PROPOSAL 6.