May 1, 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.
A Democracy is only as good as it is transparent in all spheres. That some may be able to give large sums of money to any campaign without divulging who the contributors are, is ludicrous. Even if the donation is above board, it screeches of impropriety. It smacks of some trying to buy influence, or worse, to purchace an office of Government! That is antithetical to Democracy.
Both shareholders and the public must be fully informed as to how much the corporation spends on politics, who the contributors are, and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC's web site. This will insure that Democracy will always remain free from being corrupted by "the few" in favor of the many.
Thank you for taking heed of my comments.
Kathleen E Lo PINTO VIGNOLINI