Oct. 18, 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. I never receive crucial information re: how the companies in which I hold stock operate. It would be a plus to know what these corporate rulers support while running their company. Too many corporate giants think only of profit and not how their decisions affect quality of life on earth. Profit is temporary; ethics are paramount. Thank you for considering my comment. Karen Ferren