April 11, 2012
Publicly-traded corporations have an obligation to shareholders to spend large sums in a transparent manner. This is especially true when the large sums are not directly related to the core business. This supports the duty of directors to act in good faith in the best interests of the company. The SEC should issue a rule requiring publicly-traded corporations to publicly disclose all political spending. Any such rule should explicitly preclude sham corporate entities created to circumvent said rule.
Anthony C. Thomas