Press ReleaseMay 23, 2022

Boardroom Initiative Announces Next Phase of Campaign to Defend Shareholders from Woke Corporate Policies

BI Will Push 4 Shareholder Proposals in 2 Weeks at Some of America’s Most Prominent Companies

Washington, DC (May 23, 2022) — The Boardroom Initiative (BI), a coalition of conservative advocacy groups that launched in April to defend shareholders from “woke” corporate policies, announced the next phase of their campaign to hold corporations accountable. From May 17 to June 1, BI coalition member, Free Enterprise Project of the National Center for Public Policy Research, will initiate shareholder proposals at the annual shareholder meetings of four of America’s most prominent corporations. These shareholder initiatives request outside audits of company hiring and promotion practices to determine whether these businesses are engaging in employee discrimination in the name of equity or anti-racism. Such woke and widespread corporate practices threaten shareholder value and Americans’ savings and 401(k) accounts.

The BI shareholder proposals will occur at Twitter (May 25), Facebook (May 25), Walmart (June 1), and Comcast (June 1).

Brad Anderson, the new Co-Chair of The Boardroom Initiative and former CEO and Vice Chairman of Best Buy Company, released the following statement:   

“The Boardroom Initiative is ramping up after a successful first month.  Over the next two weeks, we will be pushing shareholder proposals at four of America’s most famous and ‘wokest’ corporations.  Our purpose is simple – to hold corporate America accountable so they can focus exclusively on delivering value to shareholders instead of virtue-signaling to left-wing activists.  There are millions of Americans, including many retirees living on fixed incomes, who depend on their 401k income and are facing record inflation. They deserve a voice, and we will be their voice.

Momentum continues to build for shareholder rights and against woke activism.  Last week, Kohls’ shareholders rejected a left-wing investor’s push to replace up to 10 directors. Meanwhile, Disney’s stock continues to plummet; it’s down about 25% since the entertainment giant eagerly embraced left-wing politics.  Other corporations are learning all the right lessons. Woke activists have been pressuring corporations to speak out against the leaked Supreme Court opinion in the Dobbs case, but so far, they’ve been mostly unsuccessful.  Yes, Amazon and a few of the usual suspects are still bending the knee but we’re optimistic that the Disney fiasco will turn out to be a milestone in this broader cultural debate.  We are winning but some of the most important fights are still to come.”

Job Creators Network Foundation (JCNF)Free Enterprise Project, and Second Vote launched The Boardroom Initiative on April 20.

On April 26, the Daily Caller published Mr. Rensi’s op-ed, Corporate America Should Stay Out Of Politics Or Risk Becoming The Next Disney. To read it, click here.