February 3, 2013
Dear Members of the Securities and Exchange Commission:
It's long past time to end secret political spending by corporations.
So I strongly support the SEC issuing a rule in the near future that would require publicly traded corporations to publicly disclose all their spending on political activities. Such disclosure is critical to the ability of the owners (shareholders) of publicly traded corporations to vote for management and for policies concerning the use of funds that might otherwise be available for corporate development or dividend distributions.
I would also support a "say on political expenditure" rule, based on the same concerns as "say on pay", so that shareholders can directly express their concerns about use of corporate funds for political ends that they may not believe serve the interests of the coporation.
Both shareholders and the public deserve to know how much a given corporation spends on politics (directly and through intermediaries), and which candidates are being promoted or attacked.
Thank you for considering my comment.