Home
/
RELIGION & LIBERTY ONLINE
/
Shareholder Resolutions and the ‘God Card’
Shareholder Resolutions and the ‘God Card’
Jan 12, 2026 8:16 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
Radio Free Acton: Remembering Holodomor with Luba Markewycz
In this edition of Radio Free Acton, Paul Edwards speaks with Luba Markewycz of the Ukrainian Institute of Modern Art in Chicago, Illinois about the Holodomor – the Great Famine of the 1930s inflicted on Ukraine by Josef Stalin’s Soviet Government that killed millions of Ukrainians through starvation. They discuss the Holodomor itself, and the process undertaken by Markewycz to create an exhibition of art by young Ukrainians memorate the event. You can listen to the podcast using the audio...
Civil Rights Leader: EPA Climate Rule Will Hurt the Poor
Last June the Environmental Protection Agency (EPA) proposed a rule change on carbon-dioxide emissions that would affect energy producers, especially in states that rely on coal-fired power plants. The change is being sold as an attempt to curb global warming, though even it’s supporters grudgingly admit it won’t have much, if any, effect. The change is so small—equivalent to a roughly 6 percent cut in overall US emissions, a 1 percent cut in total global emissions—that’s it’s impact may not...
Is Putin an Orthodox Jihadist?
What should Westerners make of Vladimir Putin? Some view the Russian president as a type of Western democratic politician while others think he is shaped by Chekism, the idea that the secret political police control (or should control) everything in society. But John R. Schindler, an Orthodox Christian, thinks the West may be underestimating the influence of militant Russian Orthodoxy on Putin’s worldview: In his fire-breathing speech to the Duma in March when he announced Russia’s annexation of Crimea, Putin...
Is Christian Worldview Worth a Premium?
In an interview on Christian distance education, Dylan Pahman, the assistant editor for Acton’s Journal of Markets & Morality, talks about the education bubble, rising costs of higher education, and whether Christian worldview integration in a distance education program is worth a premium: Luke Morgan: As a blogger for the Acton Institute, you have written about the education bubble, the textbook bubble, and other items regarding what education costs, and how those things should work in a free market. Could...
Absolute Comfort Corrupts Absolutely
Lord Acton famously said that, “Power tends to corrupt and absolute power corrupts absolutely.” Joseph Pearce finds fort can play a similar role in our lives and that fort corrupts absolutely.” That is why we tend to numb ourselves with distractions, from mood-altering drugs to social media: Shortly after Odysseus and his men leave Troy, heading home after the interminable siege and ultimate destruction of that City, they land on the island of the Lotus-Eaters. After the horrors of war,...
Is Christianity Driving China’s Economic Growth?
For the past three decades China has been the world’s fastest-growing major economy, with growth rates averaging 10 percent a year for 30 years. As Brian J. Grim, founder and president of the Religious Freedom & Business Foundation, notes, there are many reasons for the growth, such as market mechanisms, modern technology and Western management practices. But one factor that is often overlooked is the role of Christianity: A study by Purdue University’s Fenggang Yang (cited recently in the Economist)...
‘There’s Nothing Better Than Having Something Of Your Own’
Remember when you bought that first thing – a car, maybe – with your own first e? Remember the feeling of pride it gave you? You’d scrubbed pots and pans in the diner kitchen all summer. Or maybe you were the “go-to” babysitter for everyone in your church. You earned that money, and you bought yourself something. Now imagine living in a world where that could never happen. You are told by the government that they will care for your...
Increase Minimum Wage Or Increase Employment?
One holdover from 2014 into the new year is the cry for an increase in the minimum wage. President Obama pledged (in a December 2014 speech) to bump the minimum wage up to $9/hour nationally. Many believe that this move will help stimulate the still-sluggish economy. Michael R. Strain, at the American Enterprise Institute, isn’t wholly against raising the minimum wage, but he’s not wholeheartedly for it, either. He thinks we are asking the wrong question. Do we need to...
Why Do Black Lives Matter?
“Black lives matter.’ ‘All lives matter. These slogans may forever summarize the deep tensions in American life in 2014,’ says Anthony Bradley in this week’s Acton Commentary. “We can loudly protest that “Black lives matter” but it will mean nothing in the long run if we cannot explain why black lives matter.” Black lives matter because black people are persons. One of the greatest tragedies in American history was the myth that America could flourish without blacks flourishing as persons....
Exiled, Persecuted, But Not Forgotten: The Picture Christians Project
Jeff Gardner was frustrated. As a photo-journalist working primarily in the Middle East, he is witness to the violence towards Christians on a daily basis, but the rest of the world seems unconcerned. Gardner realized it wasn’t that people didn’t care, but that they just didn’t know. It truly was an “out of sight, out of mind” situation. Gardner set out to fix this. In the fall of 2013, Gardner launched the Picture Christians Project. He hopes to a put...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved