Subject: Comment on File Number 4-637

Mar 12, 2012

The Securities and Exchange Commission

Dear Securities and Exchange Commission,

I have an extensive retirement portfolio of a wide variety of publicly held stock. I vote dutifully on all shareholder and board resolutions. Several times I have voted for a shareholder's resolution that would require the corporate board to reveal political contributions, but these have been rejected for a variety of reasons related to corporate power and profitability. Nonetheless I believe strongly that I should know how a corporation in which I am a part owner is donating to political causes. This won't happen until the SEC requires all publicaly-traded corporations to do the same. The SEC must establish an even playing field, and protect shareholder rights.
I urge the Securities and Exchange Commission to require all publicly-traded corporations to disclose their political contributions, and prevent CEOs and corporate boards from from secretly funding their own political beliefs from corporate treasuries.


Stephen Bachhuber