On its website, Trinity Health trumpets its shareholder activism. Based in Livonia, Mich., the Catholic health care provider boasts operations in 21 states, which includes 90 hospitals and 120 long-term care facilities. For this last, Trinity should be lauded.
For the first, however, your writer is left shaking his head.
Among Trinity’s list of five shareholder advocacy priorities, two stand out:
• uphold the dignity of the human person.
• enable access to health care.
In other words, issues any reasonable Catholic could get behind. However, Trinity is the lead filer on a proxy resolution that will be voted on next month at the Allergan, Inc., annual shareholders meeting. The cause? Read for yourself:
*RESOLVED*, the stockholders of Allergan request the preparation of a report, updated annually, disclosing:
1. Company policy and procedures governing lobbying, both direct and indirect, and grassroots lobbying communications.
2. Payments by Allergan used for (a) direct or indirect lobbying or (b) grassroots lobbying communications, in each case including the amount of the payment and the recipient.
3. Allergan’s membership in and payments to any tax-exempt organization that writes and endorses model legislation.
Your writer fails to understand how any of the above reconciles with Trinity’s five priorities listed above, and Trinity’s rationale doesn’t get any less murky: (more…)