January 18, 2012
I understand that, because of the Supreme Court's ruling in Citizens United v. Federal Election Commission, publicly traded corporations can spend investor's money on political activity in secret. These expenditures may reflect the ideology of the directors rather than the economic interests of the investors. If the expenditures are made in secret, it will be impossible for shareholders to even raise the issue as far as corporate governance.
I urge the Securities and Exchange Commission to issue a rule requiring publicly traded corporations to publicly disclose all their political spending. Disclosures must be posted promptly on the SEC's web site.
Thank you for considering my comment.