Nearly a Half Million… and Counting
By Steve Schueth
US SIF, the Forum for Sustainable and Responsible Investing, has notified its membership of the fact that the Securities and Exchange Commission is only 5,000 comments shy of half a million public comments demanding a political spending disclosure rule for public companies.
The organization is urging all of their members—including investment management and advisory firms, mutual fund companies, research firms, financial planners and advisors, broker-dealers, banks, credit unions, community development organizations, non-profit associations, and pension funds, foundations and other asset owners—to send an e-mail or an old fashioned letter asking the SEC to issue a rule requiring public companies to publicly disclose all their political spending, including lobbying, and to do so this year.
First Affirmative has filed or co-filed several proxy resolutions on this issue with portfolio companies in the past couple of years (in 2012: 3M, IBM, Time Warner Cable, Wells Fargo). We concur and support US SIF in this request.
Public Citizen provides a helpful sample e-mail here: http://action.citizen.org/p/dia/action/public/?action_KEY=9213.
And this letter signed by many US SIF members may be helpful in crafting your own custom message: http://www.ussif.org/files/Public_Policy/Comment_Letters/FileNo4-637InvestorCoalitionCommentLetterwattachments.pdf.
Tweets and Facebook posts would also be valuable.
Posted: April 11, 2013