This excerpt taken from the CVS DEF 14A filed Mar 24, 2009.
Stockholder Supporting Statement
As long-term shareholders of CVS Caremark, we support transparency and accountability in corporate spending on political activities. These activities include direct and indirect political contributions to candidates, political parties or political organizations; independent expenditures; or electioneering communications on behalf of a federal, state or local candidate.
CVS Caremark contributed nearly $1 million in corporate funds since the 2002 election cycle. (CQs PoliticalMoneyLine: http://moneyline.cq.com/pm1/home.do and National Institute on Money in State Politics: http://www.followthemoney.org/index.phtml.)
Trade Associations engage in political activity that may support or conflict with the companys positions on important issues like universal access to healthcare, biomedical research and womens health choices.
The Honest Leadership and Open Government Act requires greater disclosure of trade association political and lobbying activity including the reporting of all contributions bundled by a trade associations political action committee and the listing of all companies who contribute more than $5,000 in any quarterly period in support of a trade associations lobbying activity. Company disclosure will help assure that trade associations are meeting their legal obligation in reporting
political and lobbying activity and that those activities are consistent with the interests of CVS Caremark as a member of a trade association.
Relying on publicly available data does not provide a complete picture of political expenditures. CVS Caremarks Board and shareholders need complete disclosure to be able to fully evaluate the political use of corporate assets.