Home
/
RELIGION & LIBERTY ONLINE
/
Shareholder Resolutions and the ‘God Card’
Shareholder Resolutions and the ‘God Card’
Mar 10, 2026 5:20 PM

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
How free trade fosters a creative, collaborative world
In their defenses offree trade, advocates routinely focus only on the long-term, economic benefits, and understandably so. The overall expansion of trade in recent years has led to greater economic growth, innovation, and prosperity for all, including America. Protectionist policies may offer immediate relief and security, including a host ofshort-term political and economic solutions and benefits for particular industries or corporations. But on the whole and in the long run, politically directed tariffs and taxes are more likely to spur...
Is there a Christian view of financial quantification?
Note: This is the third postin a series on developing a Christian mind in business school. See alsoPart Iand Part II. As I mentioned in the last post, when in this series I talk about developing a Christian mind in b-school I’m referring primarily to learning how to think Christianly about things as they are symbolized, things as they are known, and things as they municated. That is, how to think Christianly about the three business arts taught in business...
10 Quotes for Religious Freedom Day
Thomas Jefferson wanted what he considered to be his three greatest achievements to be listed on his tombstone. The inscription, as he stipulated, reads “Here was buried Thomas Jefferson, author of the Declaration of American Independence, of the Statute of Virginia for Religious Freedom, and father of the University of Virginia.” Todaywe celebrate the 231th anniversary of one of those great creations: the passage, in 1786, of the Virginia Statute of Religious Freedom. Each year, the President declares January 16th...
Pope Francis, Manzoni’s The Betrothed, and sound economics
Alessandro Manzoni Alessandro Manzoni, an Italian poet and novelist, is best known for his book The Betrothed. Rev. Robert Sirico, president and co-founder of the Acton Institute, recently wrote an article for Crisis Magazine praising Manzoni and discussing some of the economic themes found in The Betrothed. Pope Francis is also a fan of the Italian writer. In his article, Rev. Sirico draws a connection between a sensible tradition of Catholic thought on economics and a work of literature that...
The challenge of modernity: Os Guinness on the church and civilization
The modern world has introduced a wide array of fruits and freedoms, yet it also brings with it new tensions and temptations. Whether in family, business, education, or government, the expansion of opportunity and choice require heightened levels of individual wisdom, discernment and intentionality. In a recent talk for the C.S. Lewis Institute, Os Guinness laments the influence of these effects on the Western church. “It isn’t ideas which have caused the main damage to the church,” Guinness says. “Modernity...
Video: Alex Chediak explains how to beat the college debt trap
Few questions loom as large for parents and students these days as the question of how to afford a college education. College costs have been rising for decades, and alltoo often, students rely heavily on student loans and graduate with significant debt loads that they spend years paying off. Alex Chediak, professor of engineering and physics at California Baptist University, has tackled this question and provided parents and students with an invaluable guide in his bookBeating the College Debt Trap,...
Leo XIII, Kuyper, and the foundations of modern Christian social thought
“For Christians who wish to restore our society,” says Acton senior research fellow Jordan Ballor, “the writings of Leo XIII and Abraham Kuyper can provide a set of guiding principles.” “When a society is perishing,” wrote Pope Leo XIII in 1891, “those who would restore it . . . [should] call it to the principles from which it sprang.” These words are as true today as they were 125 years ago. In our own time of social upheaval, insecurity, and...
The rising threats to European liberty
“It’s not good manners to begin the year with dire predictions,” says Kishore Jayabalan in this week’s Acton Commentary, “but with continuing Islamic terrorist attacks, increasing concern over Russian aggression, and the general fecklessness of its leaders, we have many reasons to worry about the future of liberty in Europe.” Italian and German anti-terrorism officials were fully aware of the threat posed by Tunisian national Anis Amri and still could not prevent his driving a truck through a Christmas market...
5 facts about Martin Luther King, Jr.
TodayAmericans observe a U.S. federal holiday marking the birthday of Rev. Dr. Martin Luther King, Jr. It is observed on the third Monday of January each year, which is around the time of King’s birthday, January 15. Here are five facts you should know about MLK: 1. King’s literary and rhetorical masterpiece was his 1963 open letter “The Negro Is Your Brother,” better known as the “Letter From Birmingham Jail.” The letter, written while King was being held for a...
The 5 most dangerous countries to be a Christian
For the sixteenth consecutive year, North Korea is ranked as the most oppressive place in the world for Christians, according to the international non-profit ministry Open Doors. Every year Open Doors publishes the World Watch List to highlight the plight of persecuted Christians around the world. The list represents believers “who are arrested, harassed, tortured—even killed—for their faith.” The list measures the degree of freedom a Christian has to live out their faith in five spheres of life (private, munity,...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved