The following is the letter submitted to the Senate Banking Committee calling for a hearing looking at corporate governance solutions to Citizens United. It is a collaborative letter with signatories that includes Public Citizen’s Congress Watch & Coffee Party USA and many other organizations demanding disclosure and accountability to shareholders around corporate political spending.
Many shareholders are unaware of the lobbying done by these corporations of which they are part owners. In fact many of these corporations are lobbying for policies likely diametrically opposed to the wishes of their shareholders. Many of these policies materially and negatively affect them.
Government is “we the people”. We the people (government) is only bad when we relegate our sovereignty to the corporation or some other special interest.