Oct. 17, 2018
The U.S. Securities and Exchange Commission should require corporate managers to be honest with their shareholders about how they are planning for the long term. Shareholders have a right to know if oil executives are trying to buy off politicians to slow progress on addressing climate change. They also have a right to know whether the 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. I invest in the stock market with my retirement funds, so these decisions impact me personally. I would like to know more than just the pages and pages of numbers that they normally send. Thank you for considering my comment. Caroline Bowdish