Loading....

Tell the SEC: Do not give corporate managers more power

Our democracy thrives on a robust system of checks and balances, but over the past decade, the scales have been tipped in favor of a small group of very wealthy individuals.

Now, the U.S. Securities and Exchange Commission (SEC) is trying to make it harder for shareholders to sound the alarm on emerging issues that impact not only the corporations they own, but how companies interact with our communities and the planet.

For example, years before Boeing’s 737 MAX aircraft killed hundreds of people, the company’s shareholders filed proposals asking for transparency about the company’s lobbying—citing concerns about the its influence over regulators. Under the new rules, shareholders’ efforts to hold Boeing’s management accountable—and other corporations trying to wield influence in politics—could be stopped in their tracks.

Make sure the SEC does not move forward with this dangerous proposal.

Note: You may use the suggested language below without changing it. If you write your own comment, it will be documented and read separately from those who use the sample language without revising it. Your comment and any other information you provide below will be displayed publicly on the SEC’s website or on www.regulations.gov.

SUBMIT YOUR COMMENT NOW

First Name*

Last Name*

Email Address*

Address, line 1*

City*

State*

Zip Code*

222 - Subtopic - Money in Politics

Yes No

EMAIL NOW

Securities and Exchange Commission

Subject: Comment to File Number S7-23-19

Message:

American investors and the public want more accountability from corporate CEOs, not less. The SEC’s attempt to crush shareholder oversight is reprehensible. The federal agency tasked with protecting American investors should be encouraging a robust system of checks and balances between the owners of corporate wealth and companies’ management, not shutting down the main path for providing shareholder input. These new rules would make it harder for investors to raise emerging issues with managers, meaning that it would halt progress toward addressing critical issues impacting companies and our communities over the long term. Years before Boeing’s 737 MAX model aircraft killed hundreds of people, the company’s shareholders filed proposals asking for more transparency about the company’s lobbying, citing concerns about the company’s influence over regulators. Had the new rules been in place, those shareholders’ efforts to hold Boeing’s management accountable would have been stopped in their tracks. The SEC should be facilitating shareholder democracy, not undermining it. This new set of rules should not be advanced. Thank you for considering my comment.

Remaining:

Tell the SEC: Do not give corporate managers more power

SUBMIT YOUR COMMENT NOW

Thank you for taking the initiative!

Share on social media.