To amend the Securities Exchange Act of 1934 to require corporations to obtain the views of shareholders concerning corporate charitable contributions.

Amends the Securities Exchange Act of 1934 to require each issuer of a registered security to afford its shareholders the opportunity to participate through a proxy, consent, or authorization in the designation of recipients of the issuer's charitable contributions. Authorizes the Securities and Exchange Commission to grant exemptions from this requirement for gifts of tangible personal property, gifts to public or private nonprofit educational institutions, and gifts to local charities.