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. The culture of unlimited greed and the expectation of continuously increasing profit by impersonal corporate entities, will result in the annihilation of the planet's ecosystem and the species which inhabit it. The shareholders are human beings, and must take responsibility for the reckless and often sociopathic behavior of the corporations they are involved with. Thank you for considering my comment. Kate Lamar