November 8, 2013
PLEASE require corporations to disclose what political contributions they make. Corporate money is not the CEO and the Board's personal money - they have no right to make political contributions, and not even disclose it to the real owners of the company. Really, there should be a shareholder vote on it....but at the least it needs to be disclosed.
You are one of the few defenses the public has against the anonymous, huge amounts of money dumped into our political system, skewing our political system for unstated and faceless interests - with our own money, no less. Please stand up for democracy.
I am writing to urge the Securities and Exchange Commission to issue a rule requiring publicly traded corporations to publicly disclose all their political spending – and to do so this year.
“Dark money” groups that accept contributions from corporations, but are not required to publicly identify their corporate donors, spent millions of dollars during the 2012 elections. It is a scandal that money from publicly traded corporations – which belongs to investors – can be secretly spent to distort our democracy.
The Supreme Court’s ruling in Citizens United v. Federal Election Commission created the loophole that enables this secret spending, but the SEC has the authority to close it.
Both shareholders and the public must be fully informed as to how much corporations spend on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC’s web site.
Thank you for considering my comment.
Kristin HendersonLos Alamos, NM