April 29, 2012
Dear members of the Securities and Exchange Commission:
I am writing to urge the SEC to issue a rule requiring publicly traded corporations to publicly disclose all their political spending.
Both shareholders and the public must be fully informed as to how much the corporation spends on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC's web site.
American corporations spend tens and even hundreds of dollars, their stock holders dollars, on political candidates every year. It seems to me they owe their stock holders AND the American public which buys their products and services a thorough explanation as to just where those campaign contributions go.
More and more frequently stock holders of ever more companies are submitting stock holder requests for those companies' executives to disclose political contribution, requests which for the most part are being ignored by management. If the companies are not willing to disclose where their stock holders funds are going, and they are not, the SEC should!
Thank you for considering my comment.
Sincerely,
John Andes