Home
/
RELIGION & LIBERTY ONLINE
/
Shareholder Resolutions and the ‘God Card’
Shareholder Resolutions and the ‘God Card’
Mar 23, 2026 7:47 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
Kuyper, The Problem of Poverty
Readings in Social Ethics: Abraham Kuyper, The Problem of Poverty. References below are to page numbers. With next week’s reading of Rauschenbusch in view, here’s how Kuyper evaluates Christian socialists: “Socialists constantly invoke Christ in support of their utopias, and continually hold before us important texts from the Holy Word. Indeed, socialists have so strongly felt the bond between social distress and the Christian religion that they have not hesitated to present Christ himself as the great prophet of socialism”...
Japanese Comics and Cultural Economics
A few weeks ago I was listening to a very engaging American RadioWorks documentary, rebroadcast from last October, “Japan’s Pop Power.” The show focused on the increasing cultural imports to ing from Japan, which by some estimations will soon dwarf industries typically associated with American-Japanese trade like automobiles, technology, and electronics. Japan’s economic success is a sure sign that human creativity and inventiveness are more important factors in human flourishing than mere material concerns or natural resources. Some of mentary...
Evaluating the New Sanctuary Movement
Across America a group of Christians have banded together to promote a movement to protect illegal aliens from deportation. This is not a new phenomenon at all. What is a little different, at least about some aspects of this renewal of an older movement, is that it has now focused primarily on protecting Mexicans, who are living illegally in the U. S., from deportation. A celebrated case is unfolding day-by-day here in Chicago so I hear a great deal about...
The ‘Peace Racket’ vs. Western Civilization
After World War II, Winston S. Churchill delivered his famed address warning of the descending Iron Curtain across the captive nations of Eastern Europe. Critics said Churchill engaged in unnecessary warmongering with an allied nation. His address was given at Westminster College in Fulton, Mo. Churchill declared in his address: Our difficulties and dangers will not be removed by closing our eyes to them. They will not be removed by a mere waiting to see what happens; nor will they...
AJC Letter to the Editor
A letter to the editor in today’s Atlanta Journal-Constitution in response to two op-eds in that paper: “Global Warming: No urgent danger; no quick fix,” by Patrick J. Michaels and “Global warming: Don’t take skeptics at face value,” by John Sibley. A taste: “Sibley the politician resorts to ad hominem attack on those with whom he disagrees. Michaels the scientist appeals to evidence.” Scroll down to the second letter to see the whole thing. ...
Myths Christians Believe about Wealth and Poverty
Dr. Jay W. Richards gave an impassioned address at the heavily attended Acton Lecture series yesterday titled, “Myths Christians Believe about Wealth and Poverty.” This topic was especially relevant for me because I graduated from a Wesleyan Evangelical seminary, which constantly preached and proclaimed so many myths Richards addressed, especially “the piety myth.” This was a big problem in seminary, as the gospels were often linked to promoting the modern welfare state, and its goals of wealth redistribution. Richards said...
COE at Gilder/Forbes Tech Conferece
Acton Media’s documentary, “The Call of the Entrepreneur,” is slated as the first item on the 2007 Agenda for the Annual Gilder/Forbes Telecosm Conference, to be held in Lake George, NY this October. The theme for the 2007 Conference is “Pursuing opportunities, celebrating entrepreneurship, and seeking the upside surprises surrounding ing end of the local area network.” Visit the Conference website for more information and to register. ...
The New (Green) Robber Barons
What do you call titans of industry who influence governmental regulation to provide them with tax and subsidy incentives to make a business venture profitable? They used to be called robber barons…now apparently they’re “eco-millionaires.” The NYT piece gives a brief overview of four such figures: Bruce Khouri “did not found Solar Integrated until 2001 once tax and subsidy incentives made the market more attractive.” Pedro Moura Costa says he “saw the carbon market could be big business and the...
Coffee, Capitalism, and Corporate Encroachment
Railing against corporate dictatorship, delocator.net helps consumers find locally-owned cafes, bookstores, and movie theatres in their area — alternatives to the “invasion” of Starbucks, Borders, and their ilk. The site itself is actually quite an interesting capitalist idea in its freshness and creativity, and people certainly should eat or drink or shop where they are fortable. That’s the beauty petition! And the kind munity-building that often takes place at familiar, time-tested, local shops is to be encouraged. But to say...
Birth Control Price Increase May Send College Girls To Planned Parenthood
Time Magazine recently reported that birth-control pills on college campuses will surge in price this year due to new legislation regarding Medicaid. For decades college campus health centers have been a resource for budget-conscious female students seeking birth control. Because of agreements with panies, most campus clinics were able to distribute brand name prescription contraceptives, from pills to the patch to a monthly vaginal device like NuvaRing, for no more than a couple of bucks. As a result of new...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved