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Faith-Based Shareholders Call for News Corp Board Shakeup March 1st, 2012
The Interfaith Center for Corporate Responsibility and Christian Brothers Investment Services are calling once again for a shakeup of the Board of Directors of News Corp and the resignation of James Murdoch, son of newspaper magnate Rupert Murdoch. The faith-based groups were part of an investor revolt , calling for reform of the News Corporation board at last year’s annual general meeting. Thirty five per cent of shareholders voted against James Murdoch’s re-election then, and the ICCR members are calling again for major changes on the Board.
Fr. Seamus Finn, OMI was quoted in several press stories about the need for James Murdoch’s resignation and a Board shakeup after it was announced that Murdoch was giving up his position as executive chairman of News International – the British publishing division hit by the phone-hacking scandal – and returning to New York. ” It seems to me that … either [the] Leveson enquiry or the internal enquiry from the company [may have] … turned over some new thing that has made James decide he is going to step down.” “This raises further concerns about the way this company is governed. … It is clear to us that there are too many conflicts of interest in the way this company is run.”
The shareholder campaign at NewsCorp is in keeping with investor campaigns for better governance, one element of which is separation of the Board Chair and CEO. Best practices, according to Julie Tanner of Christian Brothers, which is drafting a shareholder resolution against News Corp, is that 2/3 of Board Directors should be independent (not related by family or personal ties). Rupert Murdoch currently owns 40% of the company and is Board Chair and CEO.
Learn more…
Article in the Guardian Newspaper…
Interview on ABC News show “The World Today”…
Bangladeshi Conference on Indigenous Peoples and the Environment a Great Success January 27th, 2012
Bangladesh Poribesh Andolon (BAPA), Bangladesh Environment Network (BEN) and Shahjalal University of Science and Technology (SUST) sponsored a successful major conference on Indigenous Peoples and the Environment in Sylhet, Bangladesh January 12-14, 2012. Amidst cultural exhibitions and art displays, hundreds of participants attended workshops on environmental, social and economic issues affecting the indigenous peoples and the tea plantation workers of the Sylhet region in Northeast Bangladesh.
BAPA works closely with the Adivasi and indigenous efforts to protect their land and livelihood. The conference emphasized the importance of the need for enforcement of their rightful ownership of land and of access the courts to defend their rights and limit harassment. In light of government statements in the past year that have failed to recognize the presence of indigenous peoples in Bangladesh, the conference was also a bold statement to political leaders and government authorities about the reality of indigenous peoples in Bangladesh, the dignity of their culture and traditions, and their rightful ownership of land.
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Faith-based Shareholders Explain their Work on CBS’s The Early Show December 12th, 2011
Rebecca Jarvis, of CBS’s The Early Show, talks with the Rev. Seamus Finn and Sister Pat Daly, from the Interfaith Center on Corporate Responsibility, about how they help major corporations realize their social duties to make them better.
Having Faith in Corporate Social Responsibility December 7th, 2011
- Sr. Nora Nash of the Sisters of St Francis of Philadelphia
Sr. Nora Nash, Director of Corporate Social Responsibility for the Sisters of St. Francis of Philadelphia in Aston, PA, is in charge of ensuring the investment portfolio for the nun’s retirement reflects the order’s commitment to social justice. In an interview with WHYY public radio in Philadelphia, Sr. Nora explains her work with corporations to promote more socially and environmentally responsible behavior. Thomas McCaney, Associate Director of Corporate Social Responsibility for the Catholic order, joins her in the interview.
The 8th Day Center in Chicago Supports Occupy Wall Street November 9th, 2011
Photo: From far right: 8th Day staff members Kathleen Desautels, SP, Mary Ellen Madden, Staff for BVMs, Gwen Farry, BVM, Liz Deligio, Staff for FSPAs, Joellen McCarthy, BVM and 8th Day Associate, Barbara Corcoran join other activists at Occupy Chicago this past October. Photo courtesy of Angie Connolly, Sisters of Charity, BVM.
The 8th Day Center announced in their recent newsletter:
“As an organization whose values include cooperation, mutuality, nonviolence, and consensual decision making,
- we support the right to peaceably assemble;
- we support the non-hierarchical, organic, democratic, cooperative model of the Occupy Wall Street Movement;
- we stand with the Occupy Wall Street Movement calling for a fundamental shift in power and resources and a co-created sustainable future for all.”
