Thought Leaders Voice Their Concerns
Brad Smith, former FEC Commissioner

Brad Smith, former FEC Commissioner

“CPA’s ‘best practices’ reward corporations that further hamstring themselves with rules such as mandating a committee of outside directors to oversee political spending (including trade-association dues)…They would also insist that companies make financial disclosures in excess of those required by law, even if doing so would not be in the company’s interest…”      

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James R. Copland, Director of the Manhattan Institute’s Center for Legal Policy

James R. Copland, Director of the Manhattan Institute’s Center for Legal Policy

“Directors and institutional investors need to be cognizant of their fiduciary duties and resist the pressure applied by special-interest investors when such investors advocate for concerns that may not increase expected shareholder returns for all investors…Congress and regulators—including the SEC…need to rethink the degree to which the shareholder-proposal process facilitates market efficiency and capital formation.”

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Paul Atkins, former SEC Commissioner

Paul Atkins, former SEC Commissioner

“… a small number of political and social activist investors, unions and politicized policy groups…have embarked on a widespread campaign to force companies to disclose expenditures on political and issue advocacy.  Their carefully sterilized public posture of simply seeking ‘more transparency’ is belied by their comments to their own constituencies that illustrate their true intentions…”

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