Acton Institute Powerblog Archives

Post Tagged 'Interfaith Council on Corporate Responsibility'

Annual Meeting ‘Godflies’ at Cross Purposes with Investors

“Shareholders’ boardroom clout increases” touts the website at the Interfaith Council on Corporate Responsibility The linked article takes readers to an August 20 essay by Sara Murphy at The Motley Fool in which the author asserts: “New research out today from the Sustainable Investments Institute, or Si2, shows that investors are filing more environmentally and socially themed shareholder resolutions now than ever before, and those resolutions are getting more support during proxy voting than they ever have.” Not so fast, Ms. Continue Reading...

Religious Shareholder Activists: Soros Gets a Free Pass

Reading the 2013 results of proxy shareholder resolutions orchestrated by various leftist organizations affiliated with “religiously” oriented investment groups, a colorfully descriptive phrase came to mind to describe both: Whatever its derivation, useful idiots is employed as “a pejorative term for people perceived as propagandists for a cause whose goals they are not fully aware of, and who are used cynically by the leaders of the cause.” For the purposes of this post, we’ll grant groups with purported religious and socially conscious authority such as Walden Asset Management, Trillium Asset Management, As You Sow and the Interfaith Council on Corporate Responsibility the benefit of the doubt. Continue Reading...

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...

Virginia Power Company Prudently Rejects Renewable Mandate Resolution

One of the greatest benefits of living in the United States is our access to plentiful, affordable domestic energy. These benefits extend to the nation’s poor who enjoy an unprecedented wealth of heat in the winter and air conditioning in the summer, plentiful light in the evening hours and electronic devices that power up at the press of a button. Continue Reading...

ICCR Shareholders Target PepsiCo

When New York City Mayor Michael Bloomberg issued his diktat against 20-ounce soft drinks earlier this year, the negative public outcry was tremendous. Now comes the Interfaith Council on Corporate Responsibility with proxy shareholder resolutions aimed at PepsiCo, the parent company of Pepsi Cola, Tropicana, Quaker Oats, Frito Lay and Gatorade. Continue Reading...