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. Thank you for considering my comment. There was always a consideration that union and corporate contributions balanced one another. If unions can be constricted, need to cooperate with their members in their actions, so too should corporate management, that act in the interests of their shareholders, theoretically. Corporations should inform, if not consult with their shareholders about corporate money being given to political causes. These may run counter to the interests of members of large union pension funds that heavily invest in corporations. They may not agree! I am certain their are others as well. Michael Klein Michael Klein