From: H. Dennis Shumaker
Iím writing as a member of the public and a retail investor in response to the SECís request for comments on S7-06-16.
Investors in companies with shares listed on any of the American stock exchanges deserve to know the ways these corporations are sending cash and any other form of donations to elected officials and to those running to hold elected offices at all governmental levels, polluting our environment and adversely affecting our economy, including sending manufacturing processes and jobs of all kinds to other countries. And while these corporations have little to no accountability to even their shareholders, regulated, complete disclosure of all these actions is a solution that requires companies to consider the consequences Ė and the interests of their shareholders -- before making decisions that affect their shareholders and the American people.
Itís time for strictly enforced regulations that require corporations to be honest with their investors and the American people.
Public corporations should at a minimum be required to:
1. Disclose their political spending in all countries, at all levels.
We need to end all corporate financial and environmental secrecy, and give investors and the American people all the corporate information they deserve.
H. Dennis Shumaker