Home
/
RELIGION & LIBERTY ONLINE
/
Shareholder Activists Step-Up Leftist Resolutions for 2016
Shareholder Activists Step-Up Leftist Resolutions for 2016
Jun 20, 2026 2:53 PM

Previously this week, The Wall Street Journal presented a list of “7 Things Investors Should Be Watching for a 2016 Unfolds.” While there’s much in Michael A. Pollock’s article to mend it to readers who might’ve missed it, there’s also one significant omission – Number Eight, if you will: A Rise in Proxy Resolutions by Religious Shareholder Activists.

Shortly after reading the WSJ article, your writer received an email from the Interfaith Center on Corporate Responsibility, the “corporate God-flies” who mask an actual leftist political agenda with their supposed faith-based concerns over social issues related to climate change and corporate spending on lobbying and politics. ICCR’s email announces the group’s increased efforts to stymie the best interests of panies in which they invest in 2016 – without mentioning how their activities also negatively impact fellow shareholders as well pany customers and employees. Yet ICCR is undeterred in its efforts in a year thus far beset upon by great economic uncertainty and volatility:

Shareholder proposals on climate change and corporate lobbying and political spending head the list of 257 resolutions filed by ICCR members at panies in the 2016 proxy season. Over one-third of total proposals this year are climate-related, including those related to corporate lobbying, revealing how climate change is viewed as a major risk for investors and engagements on panies are mitigating these risks are taking on greater importance.

And this:

ICCR members filed a record 91 resolutions addressing climate change this year, more than any other time in their history. Fifty-two of these dealt primarily with climate change, while an additional 39 addressed climate change indirectly via other strategies including governance, deforestation and recycling.

And this:

During the most expensive presidential campaign in history, ICCR members filed 62 resolutions requesting disclosures around corporations’ use of funds to support lobbying and political activities – including spending through PACs and trade associations seeking to undermine climate change regulation.

And, finally:

Aye yi-yi. I doubt it’d do any good, but perhaps the ICCR and its religious shareholder activist cohorts over at As You Sow should read of the perils facing investors this year as noted by Pollock:

If January signaled what the stock market is going to be like in 2016, fund investors could face a gut-wrenching year.

Worries about China and the global economy, a surging dollar and oil’s collapse helped send the S&P 500 index down 5.07% in January, the market’s worst performance for that month since the 2009 financial crisis. The poor start came after the index’s six-year winning streak ended in 2015. What’s more, stocks may not have seen the lows for this correction yet, money managers caution.

Pollack continues: “It can be scary to own stocks when markets are gyrating.” Even scarier when ICCR and its religious, progressive cohorts undermine businesses from within at the same time they face mounting economic turmoil from without, especially when the social issues they promote haven’t garnered any traction in the past nine proxy shareholder seasons. According to the Manhattan Institute’s James R. Copland, “not a single [2015] social-policy-related shareholder proposal has received the support of a majority of shareholders over board opposition.”

And yet, the efforts of ICCR and AYS continue to pany board members and shareholders from the core functions of their respective businesses. Not because any of their efforts stem from any legitimate religious concern, but only from leftist political ideology.

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 can protestants expect from the new pope?
In an excellent survey of the writings of Cardinal Ratzinger, Michael S. Horton explores some of the implications of the election of Pope Benedict XVI for Protestantism. After providing a brief background of the relationship between Ratzinger and Pope John Paul II, Horton addresses “some of the representative statements by Joseph Cardinal Ratzinger, to obtain a better idea of what we might expect from his pontificate. Hopefully we will see that there is much to appreciate in an age of...
Grading America’s giving: global action week for education
This week is Global Action Week for Education, and the Global Campaign for Education has given the United States an “F” grade. Anthony Bradley writes that this judgment is short-sighted, and that “support for education…should not be isolated from the promotion of peace and stability.” Read the full text here. ...
Remembering the first genocide
Yesterday, people all over the world marked the 90th anniversary of the genocide of 1.5 million Armenians by Ottoman Turks, memoration that has taken on added political frieght with Turkey’s candidacy for accession to the European Union. Given the refusal of Turkey to even acknowledge the genocide — which also targeted hundreds of thousands of Pontic Greeks and Syrians — the EU question should be put permanently on hold until the Turks face their past with honesty. But the prospects...
Silencing the Fourth Estate
Investigative reporter Steve Wilson has been under attack from public officials in both Detroit and the suburb of Warren, Michigan. And now, a group of Detroit pastors is calling for his termination, according to the Detroit Free Press. “Whereas Warren officials accused Wilson of mischaracterizing a trip to Costa Rica, more than two dozen pastors said their ire peaked when they heard that the muckraker had, in their words, harassed Detroit Mayor Kwame Kilpatrick on a Friday flight home from...
Free and fair trade
S.T. Karnick at Signs of the Times passes along the words of Dr. Sean Gabb, an English Libertarian author, on the debate about fair trade, which is driven in large part by Christian groups (see Acton Commentaries here and here). Dr. Gabb contends, contrary to the claims of the ecumenical movement, that “To call the actually existing order liberal—or ‘neo-liberal’—is as taxonomically accurate as calling the old Soviet Communist Party syndicalist. That order is based on tariffs, subsidies and a...
Survey: Nominal giving rises but actual giving stagnates
Via The Christian Post: Annual giving to churches rose by 11 percent, but after factoring in inflation, churches are getting about two percent more than contributed in 1999. Another trend was the practice of donating 10 percent of the annual e to church. Tithing is practiced by very few Americans at only four percent, according to Barna, though good stewardship remains an important priority for Christians. Ultimately, Barna explained, “Americans are willing to give more generously than they typically do,...
Warring against Wal-Mart
The big box giant Wal-Mart is under attack again, this time by a coalition of varied opponents. The group, named “Wal-Mart Watch,” took out an ad in The New York Times last Wednesday, accusing the retailer “of low pay and meager employee benefits that force their workers to rely on Medicaid, food stamps, and federal housing to survive,”. The Sierra Club, which has long opposed urban sprawl, is one of the groups involved with Wal-Mart Watch. This ad campaign is...
Laura Ingraham
All of us here at Acton were saddened to hear the news that Laura Ingraham, radio talk show host and a friend of the Institute, has been diagnosed with breast cancer. From her website: On Friday afternoon, I learned that I have joined the ever-growing group of American women who have been diagnosed with breast cancer. As so many breast cancer patients will tell you, it all came as a total shock. I am blessed to be surrounded by people...
Defend civilization itself
An excerpt from a mencement address by Mark Helprin, “Defend Civilization Itself,” delivered at Hillsdale College on May 24, 2002: I ask you to join this brotherhood, and, in your own way, whatever that may be, to defend and champion the sanctity of the individual, free and objective inquiry, government by consent of the governed, freedom of conscience, and the pursuit — rather than the degradation and denial — of truth and of beauty. I ask you to defend a...
Canon within the canon
Having trouble understanding the Bible? Can’t seem to reconcile what you just “know” to be true with the plain meaning of Scripture? Why not take Episcopalian Bishop Spong’s hermeneutical approach? According to a column in the Detroit News, Bishop Spong, author of The Sins of Scripture: Exposing the Bible’s Texts of Hate to Reveal the God of Love, says you can feel free to downplay or ignore difficult passages. “Much as I wanted to think otherwise,” he says, “…sometimes (the...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved