Visa Inc. (NYSE: V) is urging its shareholders to reject a proposal by activist investors that would require the card network to reveal detailed information about its lobbying activities.

The proposal is part of a larger campaign by liberal investor groups to target companies with ties to the American Legislative Exchange Council, a conservative group that has helped draft state laws on hot-button issues including immigration and voter identification. According to news reports, Visa contributed $50,000 to the group's annual meeting and served on one of its task forces.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.