Home
/
RELIGION & LIBERTY ONLINE
/
Shareholder Activists Step-Up Leftist Resolutions for 2016
Shareholder Activists Step-Up Leftist Resolutions for 2016
Dec 28, 2025 3:02 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
Frank Schaeffer’s Chuck Colson Rant
Mark Tooley has a superb article at FrontPage Magazine addressing Frank Schaeffer’s rant against Chuck Colson. Tooley points out that voices across the political spectrum were gracious enough to give praise to the former Nixon aide, who after his evangelical conversion founded Prison Fellowship. Schaeffer is the notable and sorry exception. Schaeffer bitterly whined on his blog about Colson, “Wherever Nixon is today he must be ing a true son of far right dirty politics to eternity with a ‘Job...
How to Ruin the Military in One Easy Step
Since April is a time for Spring cleaning, the Washington Post asked a handful of writers what “unnecessary traditions, ideas and institutions” we should toss out with other clutter in our lives. Thomas E. Ricks, a Pulitzer-prize winning journalist, thinks we should discard the all-volunteer military. This is precisely the reason it is time to get rid of the all-volunteer force. It has been too successful. Our relatively small and highly adept military has made it all too easy for...
Audio: Sirico on the Life and Legacy of Chuck Colson
Chuck Colson’s long association with the Acton Institute began in 1993 in part because, as he said, he “couldn’t believe that a Catholic priest had set up shop in the Vatican of the Dutch Reformed Church,” and he had e to Grand Rapids to see for himself the work that Rev. Robert A. Sirico had begun. He came, saw, and was impressed, and thus began a nearly 20-year friendship with the President of the Acton Institute, who joined host Al...
Orthodox Priest: Chuck Colson’s repentance ‘deep and lasting’
On the Observer, the blog of the American Orthodox Institute, Rev. Johannes L. Jacobse looks back on the life and the legacy of Chuck Colson: I heard him explain his experience in prison during one of his talks. It was the lowest point in his life where he had lost everything and began to question purpose, decisions, and direction. He was visited by a friend (former Minnesota Governor Al Quie) who shared with him how Jesus Christ came into the...
Kishore Jayabalan: Vatican supports dignity of work
The Detroit News editorial page today features Kishore mentary regarding the pro-business statement made by the Pontifical Council for Justice and Peace (PCJP). Jayabalan, Director of Istituto Acton in Rome, says this: It may be easier to describe the contents of the PCJP statement by saying what it is explicitly not. It is not a policy statement on the merits of financial regulations such as Sarbanes-Oxley or the Tobin Tax. It is not a call-to-action to storm the barricades and...
Can Business Make You Holy?
Andreas Widmer, entrepreneur, former Swiss guard, and contributor to PovertyCure, has published an article at First Things, titled “Can Business Save Your Soul?” It is Widmer’s take on the statement by the Pontifical Council for Peace and Justice regarding the role of business mentary on this by Acton’s Kishore Jayabalan here). Widmer states: …the munity represents a fertile field for the practice of the Gospels and this is, I think, the aim of the Justice and Peace document. It is,...
Audio: Sirico on Colson & Economics for Christians
As we move deeper into the 2012 election cycle here in the United States, many people are beginning to pay closer attention to the issues and candidates, and for many Christians this naturally raises questions about how Christian principles should be applied to the economic issues that are of such concern in the electorate this year. Pastor Christopher Brooks, host of Christ and the City on FaithTalk 1500 in Detroit, Michigan, was kind enough to invite Acton’s President Rev. Robert...
Colson on Common Grace
On of Chuck Colson’s heroes was Abraham Kuyper, and when we set out to publish a translation of Kuyper’s three volumes on the topic mon grace, Chuck was happy to support the project. Here’s what he said about the first selection from the larger translation project, Wisdom & Wonder: Common Grace in Science & Art: Abraham Kuyper was a profound theologian, an encyclopedic thinker, and a deeply spiritual man who believed that it is the believer’s task ‘to know God...
Why Don’t More People Donate Money to the Government?
“‘What’s stopping Warren Buffett from paying more taxes?’ is a red herring,” says economist Bryan Caplan. ” The fundamental question is: ‘Why is government’s share of the voluntary donations market so damn small?'” Suppose you start a new charity to provide free haircuts for hippies. You only manage to raise the money to pay for three haircuts a year. The Prisoners’ Dilemma might explain why people aren’t more generous with their money in general. But the Prisoners’ Dilemma doesn’t explain...
Video: Colson at Acton’s 3rd Anniversary Dinner
On June 7th, 1993, Charles Colson made his first appearance at an Acton Institute event, speaking at our 3rd Anniversary Dinner in Grand Rapids, Michigan on the topic of the decline of American values. Colson’s rousing speech went over well with his audience that night, and still resonates today. “The single great issue of our times was never put more succinctly than it was by Lord Acton, for whom this institute is named. Lord Acton said these words: ‘Liberty is...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved