Oct. 17, 2018
The U.S. Securities and Exchange Commission should require corporate managers to inform their shareholders about how they are planning for the long term. With federal government and Federal Reserve bank support of stock prices, both the American people and shareholders have a right to know if oil, coal or utility company executives are trying to buy off politicians to slow progress on addressing climate change. They also have a right to know whether a company is cultivating diversity on its board or moving profits abroad to avoid paying taxes in the U.S. These are just a few examples of the environmental, social, and governance (ESG) risks that the SEC should require public companies to disclose to their shareholders and the public through their 8-K and 10-K filings. Thank you for considering my comment. Gary Brooks