Home
/
RELIGION & LIBERTY ONLINE
/
Shareholder Activists Step-Up Leftist Resolutions for 2016
Shareholder Activists Step-Up Leftist Resolutions for 2016
Apr 18, 2025 4:08 PM

Previously this week, The Wall Street Journal presented a list of “7 Things Investors Should Be Watching for a 2016 Unfolds.” While there’s much in Michael A. Pollock’s article to mend it to readers who might’ve missed it, there’s also one significant omission – Number Eight, if you will: A Rise in Proxy Resolutions by Religious Shareholder Activists.

Shortly after reading the WSJ article, your writer received an email from the Interfaith Center on Corporate Responsibility, the “corporate God-flies” who mask an actual leftist political agenda with their supposed faith-based concerns over social issues related to climate change and corporate spending on lobbying and politics. ICCR’s email announces the group’s increased efforts to stymie the best interests of panies in which they invest in 2016 – without mentioning how their activities also negatively impact fellow shareholders as well pany customers and employees. Yet ICCR is undeterred in its efforts in a year thus far beset upon by great economic uncertainty and volatility:

Shareholder proposals on climate change and corporate lobbying and political spending head the list of 257 resolutions filed by ICCR members at panies in the 2016 proxy season. Over one-third of total proposals this year are climate-related, including those related to corporate lobbying, revealing how climate change is viewed as a major risk for investors and engagements on panies are mitigating these risks are taking on greater importance.

And this:

ICCR members filed a record 91 resolutions addressing climate change this year, more than any other time in their history. Fifty-two of these dealt primarily with climate change, while an additional 39 addressed climate change indirectly via other strategies including governance, deforestation and recycling.

And this:

During the most expensive presidential campaign in history, ICCR members filed 62 resolutions requesting disclosures around corporations’ use of funds to support lobbying and political activities – including spending through PACs and trade associations seeking to undermine climate change regulation.

And, finally:

Aye yi-yi. I doubt it’d do any good, but perhaps the ICCR and its religious shareholder activist cohorts over at As You Sow should read of the perils facing investors this year as noted by Pollock:

If January signaled what the stock market is going to be like in 2016, fund investors could face a gut-wrenching year.

Worries about China and the global economy, a surging dollar and oil’s collapse helped send the S&P 500 index down 5.07% in January, the market’s worst performance for that month since the 2009 financial crisis. The poor start came after the index’s six-year winning streak ended in 2015. What’s more, stocks may not have seen the lows for this correction yet, money managers caution.

Pollack continues: “It can be scary to own stocks when markets are gyrating.” Even scarier when ICCR and its religious, progressive cohorts undermine businesses from within at the same time they face mounting economic turmoil from without, especially when the social issues they promote haven’t garnered any traction in the past nine proxy shareholder seasons. According to the Manhattan Institute’s James R. Copland, “not a single [2015] social-policy-related shareholder proposal has received the support of a majority of shareholders over board opposition.”

And yet, the efforts of ICCR and AYS continue to pany board members and shareholders from the core functions of their respective businesses. Not because any of their efforts stem from any legitimate religious concern, but only from leftist political ideology.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Paying all employees the same salary caused therapists trauma
A psychotherapy practice’s year-long experiment with paying every employee an equal salary has disproved the central economic thesis of socialism. Calvin Benton co-founded Spill, a British firm that offers psychological counseling via online technology like Zoom. He met another of pany’s founders a decade earlier while taking an economics class together. It’s not known whether the failure of pensation model came in spite of, or because of, their economics instructors. As Benton and his four co-workers got Spill off the...
Acton Institute ranks as a global think tank leader in 2020 report
The Acton Institute is not only one of the world’s most influential thought leaders, according to a new report, but our annual Acton University ranks as the best conference presented by any think tank in the world that consistently supports a free economy. The University of Pennsylvania released its “2020 Global Go To Think Tank Index Report” on Thursday. Once again, Acton ranked well in the categories with which it has e most closely identified. This year, the report feted...
‘The road to smurfdom’: American mobocracy threatens our freedom
Between the riots of last spring and the recent storming of the U.S. Capitol, the forces of polarization appear stronger than ever, manifesting across American society with increasing energy and destruction. Despite all our talk of “unity,” the division only seems to fester, perpetuated by the spread of misinformation and partisan efforts to justify all sorts of reckless disregard. The various movements have their distinctions, to be sure. Each represents a unique set of grievances among a subset of the...
The death and resurrection of ‘The 1776 Report’ (full report text)
While I was reading The 1776 Report, it disappeared. The missioned to “enable a rising generation to understand the history and principles of the founding of the United States,” which found itself memory-holed by one of the initial executive orders President Joe Biden signed during his first day in office, expertly explains the American philosophy of liberty and applies it to the most threatening modern-day crises. For that reason, I’m giving an overview of its most significant points and posting...
Celebrating the work of delivery drivers
Online shopping has soared in the wake of COVID-19, boosting merce giants like Amazon and Walmart, and creating record growth for UPS and FedEx. While some question the moral legitimacy of these gains, others celebrate the market’s ability to respond plex demands, innovating products and adapting supply chains to meet countless human needs. Yet we should also remember that such businesses are not mere machines to be retooled, adjusted, and manipulated for materialistic purposes. Fundamentally, businesses are organisms and ecosystems...
Warrior for liberty: Rev. Maciej Zięba, O.P. (1954-2020)
Few people have the courage to resist a totalitarian system from within; fewer still have the intellectual and moral grounding to plant the seeds of its metamorphosis into a free and virtuous society. The world lost one such person on the last day of 2020. “A wretched year came to a sorrowful end when Father Maciej Zięba, O.P., died in his native Wrocław, Poland, on December 31,” wrote George Weigel in First Things. The 66-year-old Dominican, who suffered from cancer,...
What to expect in Joe Biden’s first 100 days
Ever since Franklin D. Roosevelt took office on March 4, 1933, a president’s first 100 days have served as a benchmark for his presidency. Newly inaugurated President Joe Biden has already made history by signing an unprecedented number of executive orders on his first day and pledging a flurry of legislation which will greatly expand the size, scope, and cost of government while reversing protections for people of faith and the unborn. Biden’s staff designed some of his initiatives to...
Inequality obscures the problem of poverty
We are routinely told that rising inequality is a profoundly pernicious problem – a clear and obvious sign that the rich and well-connected continue to benefit at the expense of the poor. Whether argued by economists like Thomas Piketty and Joseph Stiglitz or politicians like Joe Biden and Bernie Sanders, the implication is clear: The government needs to play a more active and interventionist role in the distribution of wealth. But what if the reality is a bit plex, and...
New issue of Journal of Markets & Morality (Vol. 23, No. 2) released
The newest issue of the Journal of Markets & Morality, vol. 23, no. 2 (2020), has been released. This issue’s memorates the centennial of Abraham Kuyper’s death in 1920. The issue is guest edited by Jessica Joustra, the assistant professor of religion and theology at Redeemer University in Toronto, and Robert Joustra, the associate professor of politics and international studies at Redeemer. In their editorial in this issue, they provocatively cast Kuyper in a mischievous bative light: Abraham Kuyper (1837–1920),...
Joe Biden’s taxpayer-funded abortion order is government at its worst
Today with one stroke of the pen, President Joe Biden vitiated three unalienable rights. Biden signed a presidential memorandum order forcing U.S. taxpayers, including those with religious objections, to fund abortion-on-demand and abortion advocacy around the world. In 1984, President Ronald Reagan enacted the Mexico City Policy, which excluded foreign non-governmental agencies that “perform or actively promote abortion as a method of family planning” from receiving U.S. Agency for International Development funds. President Donald Trump’s Protecting Life in Global Health...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved