Political Contribution Policies
CSC is committed to participating constructively in the political process to promote the company's interests and business objectives. In connection with this activity, CSC complies fully with all federal, state, and local campaign finance laws and regulations governing political contributions and the disclosure of those contributions.
The CSC Political Action Committee (CSC PAC) is a non-profit, nonpartisan fund established in 1978. The CSC PAC is a separate legal entity from the Company and solicits voluntary contributions from selected administrative and management employees in compliance with federal election laws. The CSC PAC contributes to the campaigns of federal and state candidates, where permissible, and files reports with the Federal Election Commission, and the various state ethics commissions, disclosing disbursements and recipients, as well as pre-election and post-election reports. Contributions in calendar 2012 to federal and state candidates are available here: CSC PAC (PDF, 197 KB). Reports filed with the FEC are also publicly available on the FEC Website at www.fec.gov.
An Advisory Committee, consisting of CSC's Chief Financial Officer and General Counsel, assists the Company's Office of Government Affairs and the PAC's executive officers, in selecting candidates and initiatives to support. When selecting candidates to support, priority is given to issues concerning the Company and the IT industry generally. The CSC PAC will also consider an official and/or candidate's positions on issues affecting employees and their families. Special attention is given to those in office and candidates from states where CSC has major facilities or extensive operations. Contributions are reviewed annually by the Nominating/Corporate Governance Committee of the Board of Directors.
Consistent with federal law, CSC does not contribute corporate funds to federal candidates, national political party committees or other federal political committees. Such contributions may be made only by the CSC PAC. Company funds may be used, where legally permissible, to participate in the election of state and local candidates who share CSC's public policy views or in support of state and local ballot measures having an impact on the industry.
Contributions to 527 Organizations
In calendar 2012, CSC made no contributions to 527 organizations.
Contributions to Trade Associations
CSC belongs to several trade associations and pays regular dues to these groups. A list of the trade associations to which CSC paid annual dues of $25,000 or more in calendar year 2012 is set forth here. TA Memberships (PDF, 88 KB). CSC inquires from the trade associations listed what portion of the company's dues or payments were used for lobbying expenditures or political contributions that if made directly by CSC would not be deductible under section 162(e) of the Internal Revenue Code. Those amounts are disclosed to the extent provided by the trade association.