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Goldman Sachs Heeds Faith-based Investors April 16th, 2012

Goldman Sachs, one of the world’s most powerful financial firms, has been forced to pay attention to faith-based shareholder advocacy.

The Rev. Seamus Finn, OMI, Director of the OMI JPIC Office was quoted in a recent Wall Street Journal article: “It’s been a difficult transition for …[Goldman to figure] out how to be a public company.” The Missionary Oblates of Mary Immaculate owns 286,000 shares of Goldman, and agreed after discussions with the firm’s investor-relations chief Dane Holmes to withdraw its proposal focused on Goldman’s practices with clients and tax secrecy. Fr. Seamus explained, “They finally recognized that we’re not going away and they have to at least engage us.”

Father Finn has met in the past with John F.W. Rogers, Goldman’s board secretary, with Mr. Blankfein and Goldman’s president, Gary D. Cohn.

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“Say on Pay” Wins Majority Votes June 18th, 2008

“Say on Pay” is a campaign to give shareholders a voice in executive compensation. The Missionary Oblates co-filed “Say on Pay” Resolutions through ICCR with Apple Computer and Cisco Systems this year.

Brought about by excessive compensation packages for corporate executives, over 90 “Say on Pay” proposals were filed with companies in the 2008 filing season. Pay vote proposals have averaged 43.1% support over the 35 meetings where results are known. To date, nine majority votes have been recorded so far.

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Boeing Company Annual Meeting Statement of ICCR Investors May 2nd, 2007

Statement read at the Boeing Company Annual Meeting, 4/30/07, by Susan Jordan, SSND, Coordinator, Midwest Coalition for Responsible Investment

Good morning. I am Sister Susan Jordan and I represent the religious community institutional investors asking Boeing to provide a comprehensive report on its foreign military sales — government to government and direct commercial sales — of weapons-related products and services, including offset agreements.

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