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Nuns vs. Bankers: The Coming Shareholder Proxy Battles - FAMVIN English Archive

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Nuns vs. Bankers: The Coming Shareholder Proxy Battles

John Freund, CM
April 21, 2010

Nuns vs. Bankers: The Coming Shareholder Proxy Battles

by | Apr 21, 2010 | Collaboration, Justice and Peace, Systemic change, Vincentian Family | 5 comments

At Citigroup’s annual meeting this week the Sisters of Charity of St. Elizabeth, asked the bank’s shareholders to ratify a proposal that would require Citi to issue a report by the end of the year stating its policies on the collateral used to back many of the bank’s most complicated trades. And the Sisters of Charity are not alone in making requests of corporate America. Full story  TIME Magazine

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5 Comments

  1. jbf
    jbf on April 21, 2010 at 5:49 pm

    Unresistable editorial comment: This not a traditional celebration of “high tea”!

  2. Scott Fina
    Scott Fina on April 22, 2010 at 9:25 am

    This is a great example of how Vincentian entities can use the power of their investments to serve justice. Imagine if the worldwide Vincentian Family organized broadly to shape corporate responsibility more toward peace and to protect the poor. Another form of systemic change! It really works–consider the case of apartheid in South Africa–dis-investment was crucial in its downfall.

  3. John Freund, CM
    John Freund, CM on April 22, 2010 at 9:31 am

    Any ideas about how we could move this forward.

    I offer the possibility for forming a focus group of interested people using the facilities available under “Connect” on the VinFormation page

    http://vinformation.famvin.org/

    I suggest a first step of interested folks submitting to Scott not only their own names but of other they would think might be interested in such a discussion.

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5 Comments

  1. jbf
    jbf on April 21, 2010 at 5:49 pm

    Unresistable editorial comment: This not a traditional celebration of “high tea”!

  2. Scott Fina
    Scott Fina on April 22, 2010 at 9:25 am

    This is a great example of how Vincentian entities can use the power of their investments to serve justice. Imagine if the worldwide Vincentian Family organized broadly to shape corporate responsibility more toward peace and to protect the poor. Another form of systemic change! It really works–consider the case of apartheid in South Africa–dis-investment was crucial in its downfall.

  3. John Freund, CM
    John Freund, CM on April 22, 2010 at 9:31 am

    Any ideas about how we could move this forward.

    I offer the possibility for forming a focus group of interested people using the facilities available under “Connect” on the VinFormation page

    http://vinformation.famvin.org/

    I suggest a first step of interested folks submitting to Scott not only their own names but of other they would think might be interested in such a discussion.