January 18, 2012
I would like to suggest that corporations must reveal their corporate contributions to political activities, since failure to do so limits the shareholder's right to free speech. All corporations are chartered by the government, allowing corporations to "hide" their political contribution represents a government entity limiting my de facto free speech. In this case they are not muzzling my right but speaking over my voice. If you assume that my position is at variance with the corporation, then the government has chartered an entity that limits my right without allowing me to know that my right has been abridged. My contribution to the corporation as a share holder is working directly against my right of free speech. It is this duality as a citizen and as a share holder that causes this conflict. The SEC must act to resolve this ambiguity and require that all corporations release their contributions to political activities so that share holders can determine if the corporation's voice is aligned with their political views and not abridging their right to free speech.