How a small group of nuns in rural Kansas vex big companies with their investment activism

  • 📰 KPRC2
  • ⏱ Reading Time:
  • 43 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 68%

Religion أخبار

Climate,Environment,U.S. News

Among corporate America’s most persistent shareholder activists are 80 nuns in a monastery outside Kansas City.

‘They’ll never ride the bus again:’ Fort Bend ISD mom says her 3 children were dropped off at wrong stopBenedictine sisters, Rose Marie Stallbaumer, left, and Barbara McCracken, right, look through corporate resolution archives and newspaper clippings at the Mount St. Scholastica monastery in Atchison, Kan., Tuesday, July 16, 2024.

This past spring and summer, when many companies gathered for annual meetings with their shareholders, the nuns proposed a string of resolutions based on stock they own, some in amounts as little as $2,000. Faith-based shareholder activism is often traced to the early 1970s, when religious groups put forth resolutions for American companies to withdraw from South Africa over apartheid.

The resolutions rarely pass, and even if they do, they’re usually non-binding. But they’re still an educational tool and a means to raise awareness inside a corporation. The Benedictine sisters have watched over the years as support for some of their resolutions has gone from low single digits to 30% or even a majority.It’s a form of protest, which comes naturally to McCracken, the longtime peace activist who submits the Kansas nuns’ resolutions.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 80. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين