Home
/
RELIGION & LIBERTY ONLINE
/
Corporate God-Flies Fail Miserably on 2015 Proxy Resolutions
Corporate God-Flies Fail Miserably on 2015 Proxy Resolutions
Jul 12, 2025 4:07 AM

The Manhattan Institute’s latest Proxy Monitor hit laptops this week, revealing the nature and source of the 2015 proxy resolutions. It seems the corporate “God-flies” at religious shareholder organizations such as As You Sow and the Interfaith Center on Corporate Responsibility account for 29 percent of all shareholder resolutions submitted to the nation’s top 250 publically panies. This percentage is second only to the corporate gadflies – identified by the report’s author, James R. Copland, as “individuals and their family members who repeatedly mon shareholder proposals at panies” – and two percentage points ahead of labor-affiliated investors.

Copland reports the number of shareholder proposals aimed at requiring disclosure panies’ political spending has decreased, and those proposals that were submitted in 2015 met the same fate as in previous years – defeated by wide majorities:

Whatever the reason for the drop in the number of shareholder proposals related to political spending, support for these proposals remains tepid. No such proposal has received majority shareholder support over board opposition in the ten years covered in the ProxyMonitor.org database.

To date in 2015, shareholder support for these proposals has averaged 22 percent, in line with historical trends. Although this percentage is up marginally from 2014, when such proposals received just over 20 percent support, the variation is largely attributable to a different mix of proposal types and sponsors than to a shift in shareholder support. In 2014, six proposals called for either a prohibition on corporate political spending or a 75-percent shareholder vote to authorize corporate political spending—proposals which, in contrast to proposals oriented only around disclosure, receive low-single-digit support. No such proposals have been introduced in 2015. In addition, in 2014, seven shareholder proposals were sponsored by individuals, with varying provisions; these individual-sponsored proposals received, on average, the support of less than 10 percent of shareholders. To date, there have been no individual-backed shareholder proposals relating to political spending or lobbying introduced at a Fortune pany in 2015.

Despite the significant drop in shareholder proposals pertaining to political spending, ICCR reports 58 panies it targeted with resolutions intended to curtail or require public reporting of lobbying efforts and political contributions. For its part, AYS thumps its collective chest:

“The flood of corporate political activity proposals continues unabated, and not just about elections,” said Heidi Welsh, Executive Director of the Sustainable Investments Institute (Si2) and co-author of the report [“Proxy Preview”]. “A broad coalition of investors panies to tell stockholders and the public more about so-called ‘dark money’ spent both in campaigns and on lobbying by groups that use corporate money and don’t say where es from,” added Welsh.

In other words, AYS and ICCR continue to waste the time and money of corporations in which they invest year-after-year with bothersome resolutions that stand no chance whatsoever of gaining a majority of votes. This works as well to the detriment of other shareholders who simply want to recognize a reasonable return on their investments. This arrogant political fervor isn’t supposed to be how Christians are supposed to treat one another, much less nuns, priests, clergy and other religious.

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
Italian Edition of ‘The Good That Business Does’ Launched in Rome
Italian edition of “The Good That Business Does” by Robert G. Kennedy (Fede e Cultura, 2014) On Oct. 23, before a capacity-audience at the Pontifical University of the Holy Cross, the Acton Institute and Italian publishing house Fede e Cultura launched Robert G. Kennedy’s Il bene che fanno gli affari (original title “The Good That Business Does,” Acton, 2006, Christian Social Thought Series). The pontifical university’s research center, Markets, Culture and Ethics, acted as co-sponsor with its vice academic director...
The Complexities of Airport Capitalism
Over at The Federalist today, I ruminate on a conversation I overheard at an airport recently. I was an innocent auditor, I assure you. In the words of Sam Gamgee to Gandalf, “I ain’t been droppin’ no eaves sir, honest.” The conversation had to do with the prices of goods and services on offer atairports. To simply blame (or credit) capitalism with the situation is misleading. As I conclude, “We should try to understand the words people are using, the...
7 Figures: Family Structure and Economic Success
Family structure is one of the most significant, though oft-overlooked, factors that affect the economic fortunes of Americans. A new study from AEI titled “For Richer or Poorer” documents the relationships between family patterns and economic well-being in America and shows how radically it can affect e. Here are seven figures you should know from the study: 1. The growth in median e of families with children would be 44 percent higher if the United States enjoyed 1980 levels of...
Radio Free Acton: Gerard Lameiro on Renewing America’s Heritage of Freedom
Gerard Lameiro speaks at the 2014 Acton Lecture Series Earlier this month, Acton ed Gerard Lameiro to the Mark Murray Auditorium to deliver a lecture as part of the fall 2014 Acton Lecture Series. He spoke on the topic of “Renewing America and Its Heritage of Freedom,” which also happens to be the title of his latest book. Following his lecture, I sat down with Lameiro to discuss his thoughts on the gradual loss of freedom we’ve experienced in the...
Public Health: Is ‘Social Justice’ More Important Than Sound Science?
The Center for Disease Control (CDC) has been criticized recently for its handling of the Ebola cases in the United States, and for its lax suggestions regarding travelers from countries where Ebola is rampant. In today’s City Journal, Heather Mac Donald suggests that the CDC’s lack of leadership has more to do with political correctness in the public health arena and their version of “social justice” than with science. Science would assert that people make choices that have an effect...
The FAQs: Are Ministers in Idaho Required to Conduct Same-Sex Weddings?
What is the Idaho wedding chapel story all about? Same-sex marriage became legal in the state of Idaho earlier this month after a federal court ruled in the case of Latta v. Otter that the state’s statutes and constitutional amendment banning same-sex marriage was unconstitutional. This ruling affected an anti-discrimination ordinance in the city of Coeur d’Alene, which was enacted last year to cover “sexual orientation” and “gender identity.” (Since there is currently no similar state or federal non-discrimination laws,...
Are Commercial Transactions Inherently Shady?
By giving us the ability to buy and sell, says Wayne Grudem, God has given us a wonderful mechanism through which we can do good for each other. Buying and selling are activities unique to human beings out of all the creatures that God made. Rabbits and squirrels, dogs and cats, elephants and giraffes know nothing of this activity. Through buying and selling God has given us a wonderful means to bring glory to him. We can imitate God’s attributes...
Samuel Gregg: The Envy-Inequality Nexus
Acton’s Director of Research, Sam Gregg, ponders “Envy In A Time Of Inequality” in today’s American Spectator. Envy, he opines, is the worst human emotion. From the time that Cain killed Abel to today’s “near-obsession with inequality,” Gregg says envy is driving public policy…and that’s not good. The situation isn’t helped by the sheer looseness of contemporary discussions of economic inequality. Inequality and poverty, for instance, aren’t the same things. That, however, doesn’t stop people from conflating them. Likewise, important...
Child Soldiers: Another Form Of Human Trafficking
Children in poor and war-torn countries are often trafficking victims. They are lured from their homes with promises of making money in factories or at farms. Sometimes they are kidnapped. And sometimes, they are recruited for war. Tom Burridge of BBC News reports on the war in South Sudan, and the prevalence of “recruiting” young boys to fight. On a normal school day, Burridge says that more than 100 boys are kidnapped from their classroom and told they must fight...
What’s the Right Minimum Wage?
What’s the perfect minimum wage? $10 an hour? $20? $50? Economist David Henderson explains why it should be “zero.” As Henderson explains, when the state mandates a minimum wage (or an increase), it makes harder for unemployed people to find work and forces business owners to cut the hours of lower-skilled employees. ...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved