A new rule proposed to the Securities and Exchange Commission asks the agency to require corporations to disclose their political spending to shareholders. Currently, companies can give to “dark money” groups that spend the money on ads supporting or attacking candidates. They don’t have to disclose those donations to the public -- or to their shareholders. This rule would require corporations to disclose this spending to their shareholders. It would make the SEC responsible for determining both how often and in what form companies would disclose the information, as well as the threshold amount of money that would be subject to the new requirements.
Posted on: Fri, 02 Aug 2013 12:49:07 +0000
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