Wyndham WorldwideCorp.'s board of directors is recommending that shareholders vote againsta shareholder proposal that calls for a disclosure report detailing the company'spolitical contributions.
The proposal asks that the company provide a report revealingits policies for making contributions to participate in any political campaign infavor or against any candidate for public office or to influence the general publicin relation to an election or referendum, according to a March 31 filing.
The proposal also calls for disclosure of the identity of anyrecipient and the amount of payment in case of monetary and nonmonetary contributions,either direct or indirect. It also proposes revealing the titles ofindividuals at the company responsible for making such contribution decisions.
The proposal will be voted on at the company's 2016 annual meetingof shareholders.