March 21, 2012
As an American citizen and voter, I am fearful about the dangerous effects of undisclosed corporate money in our elections. And as a stockholder, I want to know when 'my' corporations are secretly spending my money on candidates and ballot issues without my knowledge or consent.
With the record number of candidates and ballot issues this year in Montana, even a serious student of these matters cannot study and understand them all. Working parents, especially, Don't have the hours to learn the issues regardless of the influences that corporate money foists on citizens.
Corporations have a lawful requirement to make money for the stockholders; ergo, these monies should not be spent without the knowledge and consent of the stockholders. The SEC needs to create and strongly enforce a rule that requires publicly traded corporations to disclose all their political spending, especially lobbying, campaign contributions, PACs and SuperPACs.
Stockholders and citizen voters should be fully informed about corporate spending - how much and who/what the money is going to or for. This vital information should be predictably and promptly posted on the SECís web site, with an additional requirement that the information be part of each corporation's reports to stockholders. People need to know what corporations are doing to control their money, their legislation, and their government.
Thank you for considering my comment.