July 23, 2023
I consider SEC S7-32-10 to be highly necessary for the financial market. Its crucial that we support this critical regulatory framework. The current state of the market is plagued by a lack of transparency and accountability, which can lead to fraudulent practices and undermine investor confidence. It can help mitigate these risks by requiring companies and fund managers to disclose their voting records and policies related to environmental, social and governance issues. Furthermore, given the widespread corporate misconducts, such as data breaches and environmental violations, ethical business practices are essential in ensuring long-term prosperity and social well-being. S7-32-10 promotes such ethical business practices, creating an eco-system which acting on the best interests of the wider community. The regulation is necessary to ensure that investors have access to critical information that allows them to make informed investment decisions in line with their values and ethical standards.It fosters greater engagement and accountability between investors and companies, creating opportunities for investors to leverage their influence to encourage companies to prioritize environmental and social sustainability and accountability.
In conclusion, SEC S7-32-10 is not only necessary but is key to ensuring the long-term sustainability and accountability of the financial market. I\" strongly support its implementation and strengthen the regulatory framework to create a more reliable, transparent, and accountable financial market. Thank you for reading my thoughts on this, Felicia