From: Peggy Norton
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 deserve to know the ways corporations are buying elections, polluting our environment, affecting our economy, and more. And while corporations have little to no accountability to even their shareholders, disclosure is one solution that requires companies to consider the consequences Ė and the interests of their shareholders -- before making decisions that affect their shareholders and regular Americans.
Itís time for 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.
We need to end the secrecy and give investors the information they deserve.
I am an IBM stockholder having worked for the company for many years. Each year there is a vote at the annual meeting to disclose information about lobbying practices to the stockholders. Each year it is voted down because there are way more stockholders who want that information hidden that those that want it disclosed. Change the laws!!