Acton Institute Powerblog Archives

Post Tagged 'Proxy Shareholder Resolutions'

December 20, 2013

ICCR’s 2013 Proxy Follies

As 2013 draws to a close, it’s time to inventory the year’s proxy resolutions introduced by the Interfaith Center on Corporate Responsibility. ICCR, a group purportedly acting on religious principles and faith, is actually nothing more than a shareholder activist group engaged in the advancement of leftist causes at the expense of their fellow shareholders and the world’s poorest. Continue Reading...
October 17, 2013

Activist Shareholders Are Cereal Killers

The 2013 proxy shareholder season is over, resolutions debated into their respective win/loss columns and reports filed. This hasn’t stopped those shareholder Godflies – the clergy, nuns and other religious on the left – from firing the first salvos for 2014 corporate battles. Continue Reading...
June 26, 2013

Proxy Shareholders Losing Their Religion

Perhaps nothing invigorates the left more than climate change and the exercise of free speech in the political arena – imagine their combined dyspepsia when these two issues converge. This is what is occurring with regrettable frequency as Walden Asset Management, Ceres and the Interfaith Council on Corporate Relations have joined a rogue’s gallery of progressive organizations issuing proxy shareholder resolutions urging a variety of companies to disassociate from the American Legislative Exchange Council. Continue Reading...
June 14, 2013

Intellectual Honesty Overcomes Radical Agendas

An apocryphal quote often (incorrectly it seems) attributed to John Maynard Keynes goes something like, “When the facts change, I change my mind. What do you do, sir?” Eliot Ness, as portrayed by Kevin Costner in The Untouchables, answers a reporter’s question about the lawman’s plans once Prohibition is repealed: “I think I’ll have a drink.” Continue Reading...
March 06, 2013

As You Sow’s Grim Reaping

Religious groups seeking to serve myriad liberal agendas during the 2013 shareholder proxy resolution season look no further than As You Sow, a group dedicated to “large-scale systemic change by establishing sustainable and equitable corporate practices.” Continue Reading...
February 20, 2013

Vice, Virtue, and Shareholder Activism

King Louis XIV censored Moliere’s 1664 play Tartuffe after determining audience members might too easily confuse the titular priest’s hypocritical nature with every priest in real life. According to the king, some priests’ “true devotion leads on the path to heaven,” while others’ “vain ostentation of some good works does not prevent from committing some bad ones.” Continue Reading...