In late December 2008, GSK announced a new global policy to voluntarily stop all corporate political contributions.
Prior to this, GSK made political contributions with corporate funds in countries where they were authorized by law and were culturally appropriate, such as the US. The new policy ensures that no such contributions will be made in the future.
Prior to this policy change, in 2008 we contributed £347,000 to political organizations in the US and Canada.
In the US, corporate contributions to party affiliated committees and candidates running for federal office are prohibited by law. State and local political campaigns are financed through a variety of sources including contributions from companies, individuals, NGOs and local campaign committees. By supporting pro business candidates, corporate contributions are an accepted and legal means for corporations to have a voice in the political debate. However, to ensure that there is no implication whatsoever that such contributions provide GSK with any special privileges,the company changed its policy in late December 2008 to prohibit any corporate contributions to political candidates.
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