Subject: File No. S7-07-13
From: dennis foley
Affiliation: Owner, Foley Design Partner, BeckFoley

December 3, 2014

Knowledge is power. Knowledge improves decision-making.

As a business owner, I disclose compensation to everyone. Transparency leads to fairness and organizational cohesion. It helps everyone understand their role and value in the organization.

As an investor, disclosure helps me determine how well top management is managing. And how well they are taking care of resources.

As a citizen, I want better information about how individuals are rewarded for their contribution to society.