Oct. 17, 2018
The U.S. Securities and Exchange Commission should require corporate managers to be honest with their shareholders about how they are planning for the long term. Shareholders have a right to know if oil executives are trying to buy off politicians to slow progress on addressing climate change. They also have a right to know whether the company is cultivating diversity on its board or moving profits abroad to avoid paying taxes in the U.S. These are just a few examples of the environmental, social, and governance (ESG) risks that the SEC should require public companies to disclose to their shareholders and the public. In my personal opinion, no corporation or executives should be allowed to give or use the shareholders' money without specific approval except a very tightly defined as the necessary business activity. If I want to give money to a politician or some charity I do not want some overpaid power mad executive to take the credit. These rich [redacted] can give away their own money. Thank you for considering my comment. Greg Koshak