Former Kentucky AG warns of “terrible” amount of money on the line if US imposes sanctions on China.
In the year 1792 Exchange CEO and former Kentucky Attorney General Daniel Cameron details new China risk database and responds to “popular brands” on their DEI initiative.
Fortune 100 companies doing business with Communist China could be in for a rude awakening if the U.S. imposes sanctions on its Far Eastern adversary, former Kentucky Attorney General Daniel Cameron told FOX Business viewers on Monday.
The 1792 exchange’s newly launched China Risk Database provides a snapshot of the financial risks such companies may face if they are sanctioned, as well as the subsidies they have invested in communist China.
“(This database) shares with the American public and investors the risk of dealing with Fortune 100 businesses in China (and) dealing with Communist China. I hope this will hold these companies accountable,” Cameron told host Maria Battiromo of the nonprofit group he leads.
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China-US trade and commerce have come under intense scrutiny as tensions have flared in recent years. (iStock/Photography/iStock)
Exchange of 1792, which focuses on Protecting nonprofits, small businesses, and charities from “vigilant” corporations, getting companies to return to a neutral ideology, and more, based its findings on economic model assumptions and insights from SEC reports and annual shareholder reports.
However, about half of the Fortune 100 companies — about 55 out of 100 — do not fully disclose information about their operations in China or their dealings with the Chinese government, Cameron said. Worse, he asserts, shareholders are being left largely in the dark.
Former Kentucky Attorney General Daniel Cameron now heads the 1792 Exchange, which focuses on helping businesses and other groups “vigilantly” avoid companies. ((Photo by John Cherry/Getty Images) / Getty Images)
“We know that $157 trillion could be on the line if the United States imposes sanctions on China. That’s a scary number. It’s a scary number, but shareholders need to know it.”
“Our CEOs and our C-suite guys need to step up and make sure more information is disclosed for the benefit of shareholders and the benefit of the American worker and the American consumer,” he said.
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