http://www.insideronline.org/summary.cfm?id=14875
April 05, 2011
The financial activity of unions is not an open book. Political activity is not always disclosed. Payments to third parties, often put down as charitable contributions, are in turn used for political activity. Some of this can be observed from the forms, but other activity is still hidden. Some payments are directed to third parties who have conflict of interest with union officials. Disclosure and protection should be extended to union assets and activity so that union members know that their contributions are being wisely used.
Just as Sarbanes-Oxley sets standards for corporate disclosure so that shareholders have full information, the same protection should be extended to union assets and activity so that union members know that their contributions are being wisely used.
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