From: John Cadigan
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.
Consider the "would you do this if your [mother, priest, Mother Theresa, etc.] were watching effect.
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.
"Sunshine" is sometimes a stronger agent against dubious behavior than regulation. Laws [including Sunshine Laws unfortunately] can have purposeful loopholes inserted by "bought" Legislators, or can be evaded by clever legal maneuvers.
Public disclosure, however, helps bring skullduggery out into the light of day, providing a deterrent to "creative" ploys even before they are hatched.
It's hardly foolproof, but is a start.
John CadiganAyer, MA