Ex-SEC Chair, Investors Urge Political Spending Disclosures
Law360, New York (April 21, 2015, 4:43 PM EDT) -- A group of investors and business leaders including former U.S. Securities and Exchange Commission Chair William Donaldson and Oregon State Treasurer Ted Wheeler called on current SEC Chair Mary Jo White on Tuesday, urging her to require public companies to disclose their political contributions.
In their letter, the investors say that without such rules, they are unable to assess the corporate legal, reputational and operational risks that come with corporate political spending. As a result, shareholders are unable to properly exercise their ownership rights of corporate oversight, the letter says.
"We urge the SEC to issue rules requiring the disclosure of...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!