FFC Supports Corporate Transparency Bill

Friends Fiduciary joined with other socially-responsible investors to express support for the Incorporation Transparency and Law Enforcement Assistance Act (ITLEAA) in order to provide a safer and more predictable operating environment for investors. The ITLEAA would require companies to disclose information regarding the individuals who established the company. Currently, U.S. companies may be created anonymously, effectively removing transparency from the corporate equation. Secrecy is not conducive to successful investing or business. Both activities are dependent upon access to reliable and accurate information, and a stable environment in which the rule of law, transparency, and accountability are standard practice. This bill encourages transparency for shareholders and sound corporate governance, both of which are values important to Friends Fiduciary. To read the full letter, click here.