Political Engagement

McKesson understands that the decisions made by policymakers have a profound impact on our industry, business, and customers. The Company seeks to educate elected and appointed officials about the solutions we offer to improve patient safety, reduce the cost and variability of care, and improve the quality and efficiency of healthcare delivery.

McKesson believes that transparency and accountability with respect to political expenditures are important.

Political Contributions Policy

The McKesson Code of Conduct specifically prohibits the payment of corporate funds to any political party, candidate or ballot measure campaign, and some personal political contributions by directors, officers and employees in certain roles without the written approval of Public Affairs.

All corporate political contributions in excess of $1,000 are approved by the Chairman of the Board and Chief Executive Officer.

The personal political views of McKesson executives or employees are not considered when making contributions.

The Company does not make "independent expenditures", nor does it contribute to so-called "Super PACs".

Contributions made by the McKesson Corporation Employees Political Fund ("PAC") are not made with corporate funds and are governed by its Board of Trustees.

All corporate political contributions are subject to both internal procedures and strict laws regarding transparency. Since the beginning of fiscal year 2014 (which commenced on April 1, 2013), the Senior Vice President of Public Affairs reports all corporate political contributions annually to the Board of Directors, and the Board exercises oversight with respect to corporate political contributions.

Political Action Committee

McKesson engages in the political process primarily through the McKesson Corporation Employees Political Fund ("PAC").

Contributions made by the PAC are funded entirely by eligible McKesson employees on a voluntary basis; such contributions are not made with corporate assets. The PAC allows employees to pool their financial resources to support federal, state and local candidates, political party committees and political action committees.

PAC Oversight:

The activities of the PAC, which is governed by its own Board of Trustees, are subject to comprehensive regulation by the federal government, including detailed disclosure requirements. The PAC files monthly reports of receipts and disbursements with the Federal Election Commission ("FEC"), as well as pre-election and post-election FEC reports.

Click here for the FEC database of PAC contributions and enter "McKesson Corporation Employees Political Fund" or Committee ID: C00108035

Corporate Political Contributions

While the McKesson Corporation Employees Political Fund ("PAC") is the primary vehicle for political engagement, the Company does make a limited number of corporate political contributions at the state level where permitted by law. This includes corporate contributions to state candidates and political action committees in areas where the Company has a significant employee or facility presence.

Year

Total Corporate Political Contributions

Average Corporate Political Contributions

Individual Contributions

CY 2014

Less than $77,000

Approximately $816

No individual contribution exceeding $2,500

CY 2013

Less than $51,000

Approximately $934

No individual contribution exceeding $5,000


Corporate Political Contributions Oversight:

The Company's policy regarding corporate political contributions requires that all contributions be approved by the Senior Vice President of Public Affairs, with contributions greater than $1,000 approved by the Chairman of the Board and Chief Executive Officer. The Company's Code of Business Conduct and Ethics specifically prohibits any corporate political contributions without prior approval.

The personal political views of McKesson executives or employees are not considered when making contributions.

The Company does not make "independent expenditures", nor does it contribute to so-called "Super PACs".

All corporate political contributions are subject to both internal procedures and strict laws regarding transparency. Since the beginning of fiscal year 2014 (which commenced on April 1, 2013), the Senior Vice President of Public Affairs reports all corporate political contributions annually to the Board of Directors, and the Board exercises oversight with respect to corporate political contributions.

In addition, all states require that contributions be disclosed by either the recipient or the donor or both. All information regarding the corporate political contributions made by McKesson to state candidates is publicly available. All contributions are reviewed by outside counsel and are made in compliance with all applicable laws.

Trade Associations

The Company participates in certain industry trade organizations with purposes that include, but are not limited to, enhancement of the public image of our industry and education about the industry, issues affecting the industry, and industry best practices and standards. We do not make contributions to industry trade associations for political purposes, and few, if any, of the trade associations to which we belong, engage in any direct advocacy for political candidates.

In CY14, the industry/trade organizations to which we belong and for which our annual dues exceed $50,000 include the following:

  • AHIP
  • American Health Care Association (AHCA) - formerly the Alliance for Quality Nursing Home Care
  • Bipartisan Policy Center (BPC)
  • Business Roundtable (BRT)
  • College of Healthcare Information Management Executives (CHIME)
  • Commonwell Health Alliance®
  • Community Oncology Alliance (COA)
  • Cornerstone on Demand
  • GS1 US
  • Health Information Management Systems Society (HIMSS)
  • Health Leaders Media
  • Healthcare Distribution Management Association (HDMA)
  • Healthcare Financial Management Association (HFMA)
  • Healthcare Leadership Council (HLC)
  • Health Industry Distributors Association (HIDA)
  • Integrated Healthcare Association
  • National Association of Chain Drug Stores (NACDS)
  • National Association of Wholesaler-Distributors (NAW)
  • National Committee for Quality Assurance (NCQA)
  • National Electric Manufacturers Association (NEMA)
  • National Patient Safety Foundation (NPSF)
  • The Advisory Board