SONOCO PRODUCTS CO

The proposal requests an annually updated report disclosing Sonoco’s policies and procedures governing corporate-funded political contributions and expenditures, and a comprehensive list of monetary and non-monetary contributions used to influence elections or referenda, including recipient names and amounts. The report is to be presented to the board and posted on the company website, and explicitly excludes routine lobbying spending. The supporting statement argues that undisclosed political spending—including payments to trade associations, 501(c)(4) groups, Super PACs, and similar organizations—poses reputational and financial risk and that greater transparency would allow shareholders and directors to evaluate alignment with company policies and values. The proponent cites low corporate political disclosure scores and requests disclosure to bring Sonoco in line with peers and improve shareholder oversight.