Acton Institute Powerblog Archives

Post Tagged 'Corporate governance'

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...

Shareholder Activists: ‘We’re No Angels’ Edition

Shareholder activism, according to the headline in the most recent issue of PRWeek, is “rising” and “big companies [are] in crosshairs.” The ensuing article by Brittaney Kiefer, begins: Shareholder activism used to be just a nuisance that arose during proxy season, involving a group of contentious investors who tended to target smaller or less established companies. Continue Reading...

The Immoral Folly of Activist Shareholders

The Aug. 26 edition of the Wall Street Journal features a compelling opinion piece by Susan Combs, the Texas comptroller of public accounts. Ms. Combs correctly assesses the inherent responsibility of public pension funds to the businesses in which they hold shares. Continue Reading...

Battle in Seattle: Citizens United

As a child of the 1970s, your writer was witness to an amazing transformation in a large swath of the religious community. In what seemed like a wink of an eye, clergy, religious and nuns grouped together with yippies, hippies, and other left-of-center tribes to advance progressive causes. Continue Reading...

Econ 101 for Father Finn

In a May 28, Huffington Post article, Rev. Seamus P. Finn, OMI, exhibits a woeful lack of economic knowledge. In most cases members of the clergy can be forgiven somewhat for getting it so utterly and completely wrong. Continue Reading...

Executive Pay and Shareholder Resolutions

As keystroke was committed to screen in the writing of this post, J.C. Penney honcho Ron Johnson received his walking papers. This after it was announced last week that the ousted CEO had his pay cut 90 percent– tanking his 2012 salary to a mere $1.9 million from a sum north of $50 million in 2011. Continue Reading...

Shareholder Resolutions and the ‘God Card’

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. Continue Reading...

Nuns vs. Managers in the Proxy Wars

For many nuns in the U.S. April is a busy month. Not only do they have the liturgical season of Easter but they have the proxy season of corporate governance. The proxy season is the time when many companies hold their annual shareholder meetings. Continue Reading...

Shareholder Activism on the Rise – from Nuns and Unitarians

The Manhattan Institute’s Proxy Monitor project is aimed at “shedding light on the influence of shareholder proposals on corporations.” It provides a thorough analysis of proposals made from 2008 – 2011 by activist investors — and believe it or not, only 35 percent of those proposals were related to corporate governance. Continue Reading...

Dodd-Frank: Regulation Cannot Build Character

Dodd-Frank regulations, originally scheduled to take effect on July 16, are intended to create market stability. Instead, they are doing just the opposite. Regulations aimed at financial derivatives, incorporated into the Dodd-Frank Wall Street Reform and Consumer Protection Act that was signed into law last July, have recently been rescheduled to take effect on December 31. Continue Reading...