Home
/
RELIGION & LIBERTY ONLINE
/
Corporate God-Flies Fail Miserably on 2015 Proxy Resolutions
Corporate God-Flies Fail Miserably on 2015 Proxy Resolutions
Jan 28, 2026 4:01 PM

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
Freer markets, freer press: Study explores the connections between economic liberty and press freedom
At a time when so-called “democratic socialism” is rising in prominence, we are accustomed to hearing about the patibility of socialism and political freedom. Not only is the dismantling of economic patiblewith democracy—we are told—but it is essential to its survival. “Moving towards socialism involves subordinating the economic power of capitalists to the social power of the people,” write Mathieu Desan and Michael McCarthy in a recent essay for Jacobin. “…Only when the private decisions that have massive public implications...
The failure of ‘Homo Economist’
When Pope Francis denounced “libertarian individualism” last year, few people could find a flesh-and-blood example of the philosophy as articulated by the pontiff. However, the gimlet eye of Stream editor John Zmirak may have found a related species in a creature he identifies as Homo Economist – a theoretical person who contrasts pletely with the human person as viewed by advocates of constitutional government, ordered liberty, faith, and adherence to the precepts of natural law. In the pope’s accounting, libertarianism...
Why we must protect the religious liberty of social institutions
Note:This article is part of the ‘Principles Project,’ a list of principles, axioms, and beliefs that undergirda Christian view of economics, liberty, and virtue. Clickhereto read the introduction and other posts in this series. The Principle: #4F — Social institutions have religious liberty that must be protected. The Definitions: Religious liberty — The freedom to believe and exercise or act upon religious conscience without unnecessary interference by the government. (Source) Social institutions —Groups of persons banded together mon purposes having...
Radio Free Acton: Inside the studio of a violin maker; Upstream on the film ‘Andrei Rublev’
On this episode of Radio Free Acton, award winning news anchor Anne Marie Schieber visits the studio of Matthew Noykos, a violin maker in Grand Rapids, MI, to learn more about his craft and discuss how he finds purpose and fulfillment in his everyday work. Then, on the Upstream segment, Bruce Edward Walker speaks with Robert Bird, author of two books on Russian filmmaker Andrei Tarkovsky, about Tarkovsky’s film “Andrei Rublev,” which was recently re-issued by The Criterion Collection. Check...
C.S. Lewis on ethics and conscience
The lighthouse of Christianity shines because it is based on the reality of an objective and universal Moral Code that we mysteriously know and have broken, said C.S. Lewis. It is this truth which makes Christianity’s offer of forgiveness, and its gift of supernatural help towards keeping that Moral Code, so incredible. In this video, Lewis shows that conscience is not an invention of civilization or of great human teachers but is as old as Adam and Eve, and has...
A Jewish perspective on market, justice, and charity
“Not a day goes by when there’s not some concern raised about the state of the economy and how people are faring,” says Curt Biren in this week’s Acton Commentary. “While recent economic growth has been promising, wage growth is lackluster, many say.” The middle class is shrinking. There’s too much e inequality, and the list goes on. These concerns are pelling. Who wouldn’t like to see more opportunity and more growth? People yearn for the good life, to experience...
Philadelphia ends ‘policing for profit’ program
The News: The city of Philadelphia ended a four-year lawsuit involving what critics said was “policing for profit.” According to the Philadelphia Inquirer, “Philadelphia officials on Tuesday pledged to reform the city’s civil forfeiture program, which had been used to seize thousands of homes and vehicles and millions of dollars in cash from criminal suspects — and in some cases from people never charged with a crime.” The Background:Civil asset forfeiture is a controversial legal tool that allows law enforcement...
Five ways the West gets African development all wrong: Ibrahim Anoba
World leaders have converged on Africa in recent days, but their development plans may do more harm than good. And increasing foreign aid may be their worst proposal yet, writes Ibrahim B. Anoba in a new essay for Acton’s Religion & Liberty Transatlantic website. “Limiting the power of the government and its cronies, and tempering bureaucratic overreach with a firm respect for individual rights, are prerequisites for economic progress,” writes Anoba, acting executive director of theAfrican Liberty Organization for Development....
Can you (or anyone) beat the stock market?
Note: This is post #94 in a weekly video series on basic economics. When even professional stock pickers are not able to consistently beat the market, you probably shouldn’t invest your life savings on the the hot stock tip from your brother-in-law. Why is it, though, that no one seems to be able to outperform the crowd? The reason, as economist Tyler Cowen explains, is information. In this video by Marginal Revolution University, Cowen explains the efficient market hypothesis, the...
5 Facts about Jewish High Holy Days
The Jewish holiday of Rosh Hashanah ended last week, and the holy day of Yom Kippur ends tonight at sundown (see also: FAQ: What is Yom Kippur?). Here are five facts you should know about the High Holy Days on the Jewish calendar: 1. In Judaism, the High Holy Days (sometimes referred to as “high holidays”) may refer to (1) the ten days starting with Rosh Hashanah and ending with Yom Kippur, known as the Days of Repentance or theYamim...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved