I mostly stay away from political topics, but not today. I believe that one of the things that is wrong with our political system is the amount of corporate money in political campaigns and how easy it is for corporations to obfuscate (I needed a reason to use that word) how much money is thrown at political campaigns.
We often think there isn’t much we can do about it, and perhaps there isn’t. Unless you happen to own those corporations and many of us do. I happen to own quite a few corporations. Granted I only own a few hundred shares of stock at the most in any one corporation, but I am an owner.
We are now in prime annual corporate meeting season. I receive emails at least once a week informing me that I can access proxy materials and vote my shares. I’ve noticed that many of the proxy notices I am receiving have shareholder proposals requesting disclosure of political campaign donations which the board always recommends we vote against. However, being the contrarian I sometimes can be, I have been voting for this proposal.
If you are also an owner, but rarely take the time to vote your shares thinking your 100 shares may not make a difference, please take the few moments it takes to make your voice heard. Hundreds or thousands of owners, each voting their 100 shares, can make a difference.
If corporations know they will be accountable to their owners in how the corporate funds are spent, perhaps less money will flow to political campaigns. It is a small step in the right direction, but one that everyone who owns a few shares of stock can take. Spread the word and make those votes count!