Home
/
RELIGION & LIBERTY ONLINE
/
Shareholder Resolutions and the ‘God Card’
Shareholder Resolutions and the ‘God Card’
Jan 28, 2026 6:17 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
The Most Important (Good) News Story of 2015
From mass shootings to terrorist attacks, political petence to racial unrest, there has been no shortage of bad news stories in 2015. Death, destruction, and divisiveness tend to dominate the news cycle, leading us to despair over the direction our world is headed. But our incessant focus on the negative can lead us to overlook or downplay the positive changes that are happening across the globe. That is especially true of the most important good news story of 2015, one...
This Christmas, Should You Give Cash or Cows?
During the Spanish Civil War, an American farmer named Dan West served as an aid worker on the front lines. His mission was to provide relief to weary soldiers, but all he was allotted to give them was a single cup of milk. This meager ration led West to wonder if more could be done. “What if they had not a cup,” thought West, “but a cow?” The “teach a man to fish” philosophy behind that question inspired West to...
There is No Free Lunch—or Free Red Tape
It was once mon practice of saloons in America to provide a “free lunch” to patrons who had purchased at least one drink. Many foods on offer were high in salt (ham, cheese, salted crackers, etc.), so those who ate them naturally ended up buying a lot of beer. In his 1966 sci-fi novel, The Moon Is a Harsh Mistress, Robert Heinlein used this practice in a saloon on the moon to highlight an economic principle: “It was when you...
Explainer: Christmas 2015 by the Numbers
As the most widely observed cultural holiday in the world, Christmas produces many things — joy, happiness, gratitude, reverence. And numbers. Lots of peculiar, often large, numbers. Here are a few to contemplate this season: $39.50– Average amount U.S. consumers spent on real Christmas trees in 2014. $63.60– Average amount U.S. consumers spent on fake Christmas trees in 2014. 33,000,000 – Number of real Christmas trees sold in the U.S. each year. 9,500,000 – Number of fake Christmas trees sold...
Why Does the New York Times Want to Hurt the Poor?
While it may be difficult to imagine, there was once an era when the New York Times was concerned about the poor. Consider, for example,a 1987editorial they ran with the headline, “The Right Minimum Wage: $0.00.” As the editors noted at the time, [Raising the minimum wage] would increase unemployment: Raise the legal minimum price of labor above the productivity of the least skilled workers and fewer will be hired. If a higher minimum means fewer jobs, why does it...
Christmas Greetings from Rev. Robert A. Sirico
With Christmas just around the corner, we at the Acton Institute would like to pause and share with all of you our warmest wishes for a blessed Christmas and a peaceful and prosperous new year to all of our friends and supporters. Acton Institute President Rev. Robert A. Sirico recorded thispersonal Christmas greeting, and we’re pleased to share it with you now. ...
5 Facts About Christmas
Christmas is the most widely observed cultural holiday in the world. Here are five factsyou should know about the memoration of the birth of Jesus: 1. No one knows what day or month Jesus was born (though some scholars speculate that it was in September). The earliest evidence for the observance of December 25 as the birthday of Christappears in the Philocalian posed in Rome in 336. 2. Despite the impression given by many nativity plays and Christmas carols, the...
How Tocqueville Schooled Bernie Sanders 200 Years Ago
Bernie Sanders appears to think all we need to be happy is more money,” says Samuel Gregg, Acton’s director of research, but Alexis de Tocqueville dismantled that idea two centuries ago. Tocqueville’s first reproach was that socialism—whatever its expression—has an inherently materialistic understanding of humans. “The first characteristic of all socialist ideologies is,” Tocqueville insisted, “an incessant, vigorous and extreme appeal to the material passions of man.” Tocqueville may have wrestled with religious questions for much of his life. Nevertheless,...
Keeping Watch over Their Flock at Night
For this week’s Acton Commentary, we have a Christmas meditation by the Dutch statesman and theologian Abraham Kuyper. If we should ever be envious, shouldn’t we envy the shepherds out in Bethlehem’s fields? Those men singled out for their exceptionally glorious privilege! The ones awestruck on that holy night by the flood of heavenly glory that no one else had ever seen! Those who saw God’s heavenly hosts swooping and glistening above the fields! The men whose ears were ringing...
Discussion Question: What Makes Insider Trading Wrong?
For most of my life, much of what I’ve learned about the world came from watching movies. This was especially true in 1983, when I was in junior high. That was the year I learned about astronauts (The Right Stuff), thermonuclear war (War Games), and ewoks (Return of the Jedi). I also learned about financial crimes—specifically insider trading— from the Eddie Murphy/Dan edy, Trading Places. If you’ve forgotten the plot, here’s a brief summary by Gary Gensler, the former Chairperson...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved