Home
/
RELIGION & LIBERTY ONLINE
/
Shareholder Resolutions and the ‘God Card’
Shareholder Resolutions and the ‘God Card’
Dec 5, 2025 8:32 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
What’s the Real Problem with Payday Loans?
Since its inception in the 1990s, the payday lending industry has grown at an astonishing pace. Currently, there are about 22,000 payday lending locations—more than two for every Starbucks—that originate an estimated $27 billion in annual loan volume. Christians and others worriedabout the poor tend to be very fortable with this industry. While there may be forms of payday lending that are ethical, the concern is that most such lending is predatory, and that the industry takes advantage of the...
How Foreign Aid Can Keep Poor Countries in Poverty
Giving foreign aid directly to poor countries may end up keeping those countries poor. For most readers of this blog and others associated with the Acton Institute this claim will be neither surprising nor controversial. Indeed, it’s been a core assumption behind our work on PovertyCure. But until recently, many Americans would have found the idea to be counter-intuitive, if not obviously wrong. But thanks to the work of the Angus Deaton, the recent winner of the Nobel prize in...
Samuel Gregg: Why Does The Left Keep Winning?
In today’s American Spectator, Acton’s Director of Research Samuel Gregg notes that left-wing politicians, supporters of socialism, and social engineers seem to have taken over – not just in American politics, but globally. Why? Gregg suggests three reasons: One abiding cause of the left’s on-going ascendency, I’d suggest, is that the visible weakening of orthodox religion throughout the West. As the 20th century Jesuit theologian Henri de Lubac observed, liberalized forms of Judaism and Christianity don’t involve abandonment of a...
Bernie Sanders Loves to Decry ‘Casino Capitalism,’ But What About Economic Freedom?
Inlast Tuesday’sDemocratic debate, Senator Bernie Sanders stayed true to his famed aversion to capitalism, proclaiming the fanciful virtues of “democratic socialism.” Yet when prodded by Anderson Cooper — who asked, “you don’t consider yourself a capitalist?” — Sanders responded not by attacking free markets, but by targeting a more popular target of discontent: Wall Street and the banks. “Do I consider myself part of the casino capitalist process by which so few have so much and so many have so...
The Call of the Martian
I sawThe Martian this week and was struck by the number of resonant themes on a variety of is issues, including creation, creativity, innovation, entrepreneurship, exploration, work, suffering, risk, and civilization. I won’t be exploring all of these in the brief reflections below, but will simply be highlighting some salient features. The municates something seriously important about the threefold relations of human beings: to God, to one another, and to the creation. There will be some potential spoilers in the...
Only in Jerusalem: Building Institutions Of Freedom
Religious liberty and economic freedom in the heart of … Israel? In September, the foundational message of the Acton Institute was featured at “Judaism, Christianity, and the West: Building and Preserving the Institutions of Freedom,” a conference that brought together Jewish and Christian scholars in Jerusalem. One featured speaker was Professor Daniel Mark, an Orthodox Jew and an assistant professor of political science at Villanova University, Pennsylvania’s oldest Catholic university. Mark is also a visiting fellow in the Department of...
Family in Decline: How Should Christians Respond?
As Christianity loses influence in the West, and as culture corresponds by taking itscues from the idols of hedonism, it can be easy to forget that most of these challenges are not new. In an article for Leadership Journal, Ryan Hoselton highlights theserecurring “crises,” pondering whatlessons we might learn from Christian responses of ages past. On the topic of family, and more specifically, family in decline, Hoselton points to Herman Bavinck’s The Christian Family,whichtakes aim attherange of threats tothe family...
Life in Exile: Bringing Peace and Prosperity to Rural New York
The Acton Institute’s latest film series is having a profound influence on churches munities of all kinds. Hearts are being stirred and inspired, mindsare connecting mission withculture, and as a result, the church is unlocking a bigger-picture vision of God’s plan for creation. Over at the Letters to the Exiles blog, Evan Koons piling letters and testimonials from viewers of the series, sharing how For the Life of the World is transforming their lives munities. In the latest letter, we...
Who Protects Us From Government Polluters?
“The rules don’t apply to me,” is a favorite maxim of toddlers, narcissists, and government officials. This is especially true of the legislative branch, which frequently exempts itself—and its 30,000 employees—from federal laws that apply to the rest of us. But just as often government at all levels simply ignores laws it finds too burdensome ply with. A recent study published last month in the American Journal of Political Science titled “When Governments Regulate Governments” found that pared with private...
Leftist Shareholders’ GMO Crusade Runs Aground on Science
Ahhhh, the Left! So often passionate, so obstinately assured of the rightness of their secular crusades mounted under the variety of flags and anthems espousing “social justice” and “environmental sustainability.” And, unfortunately, so often just plain wrong. Such is the case with As You Sow, the Interfaith Center on Corporate Responsibility and other shareholder activist groups that each year apply their supposed religious authority to the proxy resolutions they submit to panies. Certainly, AYS and ICCR investors believe from the...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved