Everyone reading one of my blogs should go to the SEC site linked in this post and write in support of a rule that would require public companies to disclose to their shareholders how they are using corporate resources to fund political activities. In the wake of Citizen’s United, it is a critical step for our country and shareholder democracy. jp
Dear Kevin –
The Securities and Exchange Commission (SEC) has the authority to counteract the flood of special interest, corporate money into our elections that was unleashed by the Supreme Court’s Citizens United decision. The agency is now considering a rule that would require public companies to disclose to their shareholders how they are using corporate resources to fund political activities. But the SEC won’t act without public pressure, and it is taking public comments now – click here to submit yours.
This particular rule has been in the works for several years, but was quietly dropped from the agenda sometime after the agency’s chairman, Mary Jo White, was pressured by Republican lawmakers to abandon it. In the hearing, Republicans warned White not to drag her agency into the political fray by tackling such a partisan issue… Pressing White to remove the rule from the agency’s annual agenda…
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