January 13, 2013
Securities and Exchange Comm.
Dear Securities and Exchange Comm.,
My long held understanding of shareholders rights and responsibilities make it clear that the management of a publicly held corporation must provide with utmost clarity, its use of Corporate funds.
How can we know if an executive is playing golf or going on vacation or making a donation to his favorite cause...perhaps one in a family members name. It is a requirement that I prove my donations to charity, and this is my money! A Corporation and its management, must be completely transparent in its use of Company funds, there can be no ambiguity.
I write to urge the commissionís prompt approval of rules requiring public disclosure of political spending by publicly-held companies. Shareholders also have a right to know how companies in their investment portfolios are investing that money, particularly when the spending falls outside the companyís normal business activity.
Thank you for considering my comment.