Should Corporations be Required to Disclose Political Spending to Shareholders?

Thursday, April 25, 2013

A group of Democratic officials and shareholder activists has petitioned the Security and Exchange Commission to require corporations to disclose their political donations to their shareholders. Advocates of the rule say shareholders should have the right to know where company resources are being spent, and to evaluate executives based on this information.

 But opponents disagree. In a letter filed to the SEC, a group of scholars laid out their arguments against the rule. One of those scholars is David Primo, Ani and Mark Gabrellian Professor, at the University of Rochester. He explains his opposition to the proposed rule.

Robert Jackson, a Columbia University Law School Professor, was one of the authors of the original petition asking the SEC to require political spending disclosure. He explains his position. 

Guests:

Robert Jackson and David Primo

Produced by:

Tyler Adams

Comments [2]

dlm23564 from SI

There is no need for a law - just vote with your dollars. But the people who want this information are not the shareholders. They are Occupy types who want excuses to attack large corporations - hurting the actual investors.

Apr. 25 2013 03:30 PM
Lainie Clem from Portland, Or

I ABSOLUTELY believe that corporations should have to disclose where it's funds are invested, esp. where superPacs, political organizations, lobbies, etc. are concerned. Publically traded companies are just that--publicly owned. As a shareholder, I have a vested interest in the activities pertaining to the company and how it invests. Board members are ELECTED by the shareholders. How can shareholders make educated decisions about voting and/or investing without full disclosure of its spending activities? For that matter, I feel strongly that ALL ELECTED officials- whether in the public sector or in government- should be required to provide FULL DISCLOSURE on spending and from whom they receive their contributions.

Apr. 25 2013 01:58 PM

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.