Home
/
RELIGION & LIBERTY ONLINE
/
Shareholder Resolutions and the ‘God Card’
Shareholder Resolutions and the ‘God Card’
Feb 11, 2026 11:04 AM

The progressive politicization of certain religious orders hurries apace, especially as we enter the season of shareholder activism, proxy ballot initiatives and “corporate social responsibility” lectures from religious groups and churches. This year may generate even more activity as a result of the left’s renewed efforts to undermine Citizens United vs Federal Election Commission.

Because many religious organizations are also shareholders in public corporations, their investments grant them a proxy voice in corporate policies. Unfortunately, this voice too often is used to promote policies that are often indistinguishable from secular-left political causes and may have little connection to the tenets of their respective faiths.

One oft-stated goal of these activists is “transparency.” They claim to rectify the perception the Supreme Court ruled erroneously in Citizens United when it declared unconstitutional the placing of limits on corporate and union political spending. But these attempts to pass transparency rules and regulations extend far beyond mere campaign funding by requiring that all corporations publicly divulge the recipients of their charitable giving.

The real aim of these efforts is to shame pany in question to reduce or eliminate altogether charitable funding of groups out of favor with the corporate social responsibility, or CSR, crowd – groups that lobby, research, publish and campaign on issues that conform to the progressive or “social justice” agenda.

These initiatives are in tandem with two federal announcements last month. On Jan. 9, the U.S. Securities and Exchange Commission said it would submit by April a “Notice of Proposed Rulemaking,” which would panies to disclose their political spending. Another attempt to perform an end run around Citizens United is New York State Comptroller Thomas DiNapoli’s revelation that his office is seeking greater transparency of panies that make political contributions.

The SEC and DiNapoli announcements coincide with the proxy shareholder season of corporate governance. During this period, any shareholder owning more than $2,000 in corporate stock or 1 percent of pany may introduce policy changes they deem important.

The rising tide of shareholder activists from religious orders has even prompted coinage of the phrase “the God card” by Sister Patricia Daly to connote a sense of moral authority for clergy and other religious who promote secular progressive causes in corporate boardrooms.

As noted by Acton’s Joe Carter, there is nothing intrinsically wrong when clergy, nuns and other religious bring their individual social and political views into the corporate boardroom. It es worrisome, however, when clerical collars and habits e a Trojan horse for promulgating progressive policies that don’t necessarily reflect the teachings of the religious institutions to which the professed religious belong.

In fact, there exists a close alignment between the causes championed by Sr. Daly and the Sisters of St. Dominic’s and the very same issues listed as policy priorities by such progressive organizations as the George Soros-funded Media Matters for America. This group launched the Conservative Transparency website in 2009 specifically to monitor corporate donations to conservative organizations.

The Sisters of Charity’s professed aim to “actively promote changes in corporate practices to achieve social and economic justice, a sustainable Earth and mon good” prompted Carter to state: “The Sisters aren’t interested so much in advancing a Catholic position as they are principles that could be accepted by any secular liberal.”

The Sisters of Charity, the Sisters of St. Dominic and other religious activists in the boardrooms and annual meetings do not speak for all the faithful within their respective traditions. Although, from ments and activism, you might assume they are doing just that. Instead, they seek to further an agenda either antithetically opposed or – as with the blatant attempts to circumvent Citizens United with calls for corporate donation transparency – totally unrelated to their respective vocations.

Corporations may acquiesce to transparency demands from shareholders or decide to pursue it as policy, which is their prerogative. They have their shareholders to answer to, after all. What’s more, religious activists on the left may choose to divest shares in favor of investing panies more aligned with their principles. But if they did that how could they hector executives and directors about “social responsibility” panies they’ve targeted for social reform?

Should the SEC or other government entities step in to require such disclosures the negative impact on free speech would be immeasurable. Subsequent reprisals from progressive activists may ricochet throughout the pany, the workforce it employs, the shareholders it enriches, and the customers it serves.

If you have your own examples and cases of how progressives are employing shareholder activism, CSR principles and the “God card” to further an agenda that may have nothing to do with corporate best interests, feel free to add them to ment box below.

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
10 facts about Theresa May’s resignation as prime minister
After surviving a no confidence vote last December, and suffering two of the largest legislative defeats in modern parliamentary history, UK Prime Minister Theresa May announced this morning that she will step down as prime minister. Barely suppressing tears, “the second female prime minister but certainly not the last” said she was leaving office “with enormous and enduring gratitude to have had the opportunity to serve the country I love.” Here are the facts you need to know: 1. Theresa...
An aid to defining ‘capitalism’
I am working on a project now that has to do with the various attempts to reform, redeem, redirect, or otherwise update capitalism. And in so doing, I’m reminded of one of the most incisive, insightful, and relevant passages in all of Catholic Social Teaching. I’m of course referring to section 42 of John Paul II’sCentesimus Annus, in which he distinguishes between two definitions of capitalism. This distinction is outlined in response to the following questions: “can it perhaps be...
How to think like a Christian
Photo Credit: Michael Matheson Miller Here is a podcast interview I did recently with my friend Matt Leonard, host of The Art of Catholic and Next Level Catholic Academy. Matt and I talked about some of the foundational ideas of Christian thinking in contrast with the dominant secular way of seeing the world. As you can see from the title of Matt’s show, The Art of Catholic, this podcast is directed to a Catholic audience, but many of the ideas...
David Deavel on popular misconceptions about socialism
At Respect Life Radio, University of St. Thomas professor of Catholic Studies David Deavel invokes Lord Acton’s famous dictum in a two-part conversation on the differences between the trendy, popular socialism in our politics today and many actual socialist states, both historically and in the present. Says Deavel, Lord Acton’s famous line that power corrupts and absolute power corrupts absolutely is … true in every system, but it is particularly true in a system where you start from a premise...
Robbing Pietro to pay Paolo? The zero-sum game in Italy’s welfare state
Robbing Peter to pay Paul. This is an idiomatic expression about bad – or at least disappointing – economics. Curiously, it was born within the context of the Church’s supposedly poor financial administration of its properties. While there are many sources to the origin of the idiom, there is a famous story from 17th C. England when a bishop was said to have ordered funds transferred from one old church (St. Peter’s Abbey) to another in disrepair (St. Paul’s Cathedral)....
LBJ’s Great Society lives on
Forget Ronald Reagan and John F. Kennedy, Richard Nixon and Bill Clinton as well. And do the same regarding Harry Truman and Dwight Eisenhower. The most consequential American president since the end of World War II was Lyndon Baines Johnson. The man — who possessed a bination of savvy, lack of character and progressive faith — created the Great Society and helped to shape the modern-day United States. Whether you like him or not, we all live under the shadow...
Athenians and Visigoths: Neil Postman’s graduation speech
While it could be argued that youth is wasted on the young, it is indisputable mencement addresses are wasted on young graduates. Sitting in a stuffy auditorium waiting to receive a parchment that marks the beginning of one’s student loan repayments is not the most conducive atmosphere for soaking up wisdom. Insight, which can otherwise seep through the thickest of skulls, cannot pierce mortarboard. Most colleges and universities recognize this fact and schedule the graduation speeches accordingly. Schools regularly choose...
Can intellectuals actually win elections?
The European Parliament in Brussels In my previous Letter from Rome, I asked whether populists have the capacity to govern, given the failings of the Italian coalition made up of left-wing and right-wing populists and their apparent disdain for ideology. In the wake of the recent elections for the European Parliament, the corollary question is whether non-populists can actually win elections. It’s a bit of a trick question, since elections are popular by nature, even if they are not always...
Study: How do millennial Christians approach faith, work, and calling?
Millennials recently surpassed Baby Boomers and Generation Xers to e the largest generation in the American workforce—a development that has likely led many to recall mon stereotypes about millennials as dreamy-eyed idealists or lazy, plainers. But if we look past our various cultural prejudices, what does the evidence actually indicate? If the attitudes and priorities of Generation Y are, in fact, so strikingly distinct from their counterparts, what might it tell us about the future shape of economic order? In...
An introduction to fiscal policy
Note: This is post #124 in a weekly video series on basic economics. What is fiscal policy? As economist Tyler Cowen explains, the simple answer is that it’s a government’s policies on taxes, spending, and borrowing. But how it’s practiced is a little plicated. Fiscal policy can be used in an effort to mitigate fluctuations in the business cycle—to soften the effects of those booms and busts. (If you find the pace of the videos too slow, I’d mend watching...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved