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Walmart Investors Voice Deep Concerns over Bribery Allegations April 24th, 2012
Shareholders Identified Company’s “Aggressive and Competitive” Growth Strategies as Lacking Ethical Standards in a 1999 Letter to Management
Members of the Interfaith Center on Corporate Responsibility (ICCR) , a coalition of faith-based and responsible institutional investors that have been actively engaging Walmart on social environmental, and governance issues are dismayed by recent reports in the NY Times alleging systematic bribery and corruption beginning in 2005 to facilitate the rapid expansion of their retail operations in Mexico. The Missionary Oblates is an active member of ICCR and engaged in the dialog with Walmart.
Said Sr. Barbara Aires of the Sisters of Charity of Saint Elizabeth, New Jersey who has led the Walmart engagement for over 20 years, “We have a tremendous investment in this company in terms of our time, expertise and yes, capital, and find these allegations deeply disturbing on so many levels. Should these reports be confirmed, we deem this a significant breach of trust and loss of management credibility.”
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US Textile Trade Associations Press Bangladeshi Government on Murder of Labor Leader April 20th, 2012
- Aminul Islam, slain Bangladeshi labor leader
A number of textile trade associations and unions sent a letter to the Bangladeshi Prime Minister in response to the recent murder of labor activist, Aminul Islam. Mr. Islam was a senior organizer at the Bangladesh Center for Worker Solidarity (BCWS) and a local leader for the Bangladesh Garment and Industrial Workers Federation (BGIWF). Both organizations have been working to help workers combat low wages, deadly factory fires, and repression of their right to organize. This letter went to the Prime Minister through the initiative of ICCR shareholders with Wal-Mart and PVH Corp. (Phillips Van Heusen). The Missionary Oblates is an active member of the Interfaith Center on Corporate Responsibility (ICCR).
Read the letter (Download PDF)
The International Labor Rights Forum sent out this information on Aminul Islam on April 12th:
Last Wednesday, Aminul Islam left his office for evening prayers. He noticed a police van parked outside and called his colleagues, worried about possible harassment. Then he went to meet with a worker. He never returned home.
His body was found a day later. According to police reports his legs had severe torture marks including a hole made by a sharp object. All his toes were broken.
Aminul was a senior organizer at the Bangladesh Center for Worker Solidarity (BCWS) and a local leader for the Bangladesh Garment and Industrial Workers Federation (BGIWF). ILRF has worked with BCWS and BGIWF for many years. They have been a critical force in the effort to defend workers’ rights in a country known for sub-poverty wages, deadly factory fires, and repression of the right to organize.
Over the past two years, the government of Bangladesh has carried out a campaign of intimidation and harassment against BCWS. On June 16, 2010, Aminul was detained by security forces, beaten repeatedly and threatened with death, in an attempt to coerce him into making incriminating statements against the organization. Not long after, he and his colleagues Kalpona Akter and Babul Akhter were arrested and kept in jail for nearly a month, where they were subjected to psychological and physical abuse. Since 2010, Aminul, Kalpona and Babul have faced criminal charges for which no substantiating evidence has been presented.
Given this history, there is strong reason to suspect that Aminul’s murder was in retaliation for his efforts as a labor rights organizer and to fear this could represent a violent escalation in the repression of worker rights advocates in Bangladesh.
Join with us in calling for a thorough and impartial investigation into Aminul’s murder. BCWS and BGIWF have asked for an outpouring of letters to the Prime Minister of Bangladesh. Please take a moment to add your voice!
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.
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Article in the Guardian Newspaper…
Interview on ABC News show “The World Today”…
Women religious, shareholders raise awareness about child sexual exploitation during the Super Bowl January 31st, 2012
Building off of last year’s successful campaign, Celebration without Exploitation, members of the Interfaith Center on Corporate Responsibility (ICCR) are once again coordinating with local law enforcement to raise awareness of the risks of child sex trafficking during the Super Bowl.
While football fans pour into Indiana next week to cheer for their favorite teams, traffickers in the sex trade are gearing up for their most profitable weekend of the year. Because trafficking is reported to peak at large sporting events and hotels are the prime venue for prostitution, shareholders have initiated a multi-pronged campaign to keep hotels trafficking-free during Super Bowl weekend and beyond.
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Faith-Based Investors Call on House Leadership to Support Human Trafficking Legislation January 26th, 2012
The Missionary Oblates of Mary Immaculate joined members of US Social Investment Forum and The Interfaith Center on Corporate Responsibility (ICCR) in a letter to The Honorable John Boehner (Speaker, U.S. House of Representatives) and The Honorable Eric Cantor (Majority Leader, U.S. House of Representatives) seeking their support on the Business Transparency on Trafficking and Slavery Act (HR 2759). The letter strongly encourages the House leadership to support investors, companies, workers and consumers by moving this important legislation forward in an expeditious manner.
This letter was drafted, reviewed and contributed to by a broad coalition of experts and members of US SIF and ICCR. Read the letter…
