From: Stephanie Reader
I'm writing as a member of the public and a retail investor in response to the SEC's request for comments on S7-06-16. I use any proxy vote opportunity I get to vote for resolutions requiring disclosure of political spending, and advocate for such spending to be strictly limited if not ended. I would much prefer that the SEC require thorough disclosure.
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 — and the interests of their shareholders — before making decisions that affect their shareholders and regular Americans.
It's 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.
Los Altos, CA