Pfizer Must Face Gender Equity Political Spending Vote, SEC Says (1)

Pfizer Inc. must hold a shareholder vote on a gender equity group’s shareholder proposal that would push the drugmaker to analyze how its political spending matches its efforts to fight discrimination against women, the SEC said.

The Tara Health Foundation is seeking an annual report on whether Pfizer’s political, lobbying and electioneering expenses are consistent with its environmental, social and governance aims, including a goal to “end discrimination against women, ensure equal opportunities for leadership and access to reproductive health.” The organization is part of a coalition of activist investors that are pushing companies on their handling of abortion rights ...