Mar. 27, 2021
Very few companies actually want to do the right thing. What they want to do is beat their competition. Thus they will cheat. In order to get accurate data about ESG measures, companies should be required to have them audited. However, as we found out via Enron, auditors can be bought off. Therefore, either the SEC needs to build a staff of its own auditors, or it needs to train qualified auditors that want to be in the business, pay them directly, and assign them randomly to analyze each company's data. Acting Chair Lee has found the keystone of what will get our nation moving in the right direction on the environment. True, we are a nation of laws; but even more so we are a nation of capital. Most Sincerely, Sharon Yeager