Sister Valerie Heinonen, a Catholic nun of the Ursuline Sisters of Tildonk, spends a lot of time holding to the fire the feet of the leaders of corporate America. According to the Washington Post, “For 30 years, Heinonen has been a familiar sight at shareholder meetings across the country, pressing financial services firms to support affordable housing or defense contractors to limit weapons sales. Now, the 66-year-old activist is seeking social justice through one of the hot-button issues of this spring's annual shareholder meetings: executive compensation.”
Sr. Valerie provides consultation to people of faith who are shareholders in U.S. corporations because, as she states, “"I think we have come to realize that the corporate governance issues are kind of a framework for social and environmental issues that we're concerned about."
Her work reminds me of something T. J. Liggett, then the president of Christian Theological Seminary in Indianapolis, described to me and some other CTS students. T.J. told us that he owned a few shares of stock in a company that was making questionable policy decisions from the standpoint of social justice issues. He said he always attended shareholders’ meetings and challenged their policies and directions.
Finally, according to T.J., one of the officers of the board said to him, “Why must you always come to these meetings and embarrass us with your complaints.” T.J. replied to the man, “My criticism at these meetings isn’t embarrassing. What WOULD be embarrassing is if I and some other shareholders took out a full page ad in the Indianapolis Star telling the public about how, with all of your incredible wealth, you are ignoring the needs of others less fortunate than you.”
Sr. Valerie takes a positive, yet firm approach in her dealings with corporation board members and leaders, who see her as “graceful, respectful, fearless and relentless.” By dealing directly with the business people, in the manner of Dr. Liggett, and not trying to coerce or embarrass them, Sr. Valerie has productive interactions with those she tries to influence.
Posted by blog/greg_howell
at 10:26 AM EDT
Updated: Saturday, 2 June 2007 10:24 AM EDT
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Updated: Saturday, 2 June 2007 10:24 AM EDT
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