Oct. 19, 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. This is one big blind spot in our investments. How can we determine the best use of our money if we don't know how it is being used? How do we make decisions based upon our conscience if we don't have the information? 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. Thank you for considering my comment. Suzanne Davis