Interfaith Shareholder Activism Puts Global Corporations in Hot Seat

May 3, 2005

Source: Taipei Times

Wire Service: Reuters

On May 3, 2005 Reuters reported, "Armed with the power of faith and billions of dollars, the US' mighty religious establishment is trying to reform the country's boardrooms on issues from human rights to television violence. Faith-based groups, like other special interest groups, have strategic investments in hundreds of companies that let them use shareholder resolutions to push their agendas. Bosses, mindful of the importance of religion in the lives of many Americans and its growing impact on politics and public opinion, are paying increasing attention to activists and their causes...Decades of campaigning by religious groups, honed in the civil rights movement and opposition to the Vietnam War, have been adapted to the world of high finance, putting pressure on managers to pay attention and even mend their ways."