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Intel, GE, & Corning Investors: A Moral Appeal

Submitted by: Holy Land Principles, Inc

Categories: Corporate Social Responsibility, Corporate Social Responsibility

Posted: Feb 19, 2015 – 01:00 PM EST

 

CAPITOL HILL, WASHINGTON, Feb. 19 /CSRwire/ - A moral appeal has been issued to investors in three leading American companies doing business in Palestine-Israel—Intel, GE and Corning— urging them to vote their 2015 proxy for the Holy Land Principles resolutions.

The three Annual Shareholder Meetings are scheduled as follows: GE Annual Meeting, April 22; Corning Annual Meeting, April 29; and Intel Annual Meeting, May 21, 2015.

Fr. Sean Mc Manus, President of the Capitol Hill-based Holy Land Principles, Inc., said: “ We make a moral appeal to all the investors in Intel, GE, and Corning to please vote for the eminently fair and reasonable Holy Land Principles resolutions. It is the right thing to do. It is the American way— for American principles to follow American investment in the Holy Land.”

Faith in Investors

The Irish-born priest — who also launched the very successful Mac Bride Principles, upon which the Holy Land Principles are based— explained: “ I have great faith in the investors in Intel, GE, and Corning. I know they will want to do the right thing. That is why the bosses of Intel, GE and Corning tried to exclude our Holy Land Principles resolutions by appealing to the SEC to exclude our Resolutions. The SEC rejected that ploy in February, ruling in favor of the Holy Land Principles.”

Fr. Mc Manus continued: “ To investors and stakeholders of Faith and to Religious Investors, I say this is a Kairos moment, when God tugs at our hearts, calling on us to do the right thing —providing us with the precious opportunity to take prophetic action on behalf of social justice. And there is nothing more central to justice than fair employment.

To other investors and stakeholders, I say this is the moment of truth, an ethical moment, an existential moment, to put your principles where your dollars are. The moment to support the Holy Land Principles, which are pro-Jewish, pro-Palestinian and pro-company. This is a historic moment because it is the first time in history that American companies doing business in Palestine-Israel have been given the opportunity to vote for the Holy Land Principles— and the investors in Intel, GE and Corning get to be the first to set the standard for all the 545 American companies doing business in the Holy Land. We, of course, also want all the other companies to sign the Holy Land Principles. ”

Three Per Cent Rule

Fr. Mc Manus pointed out that he hoped at the very least to win 3% of the vote— in reference to the SEC rules that stipulate defeated Resolutions may be resubmitted only if they 3% of the vote on the first attempt; 6% on the second attempt; and 10% on the third attempt.

Investors, stakeholders and Americans of conscience are all asked to respond to this moral appeal.

Please email the Investor Relations Contact (IRC), the person who deals with the issue for the companies: GE (gary.sheffer@ge.com); Corning (nicholsoas@corning.com); and Intel (linda.l.qian@intel.com) urging the company to sign Holy Land Principles. Just address them as “Dear IRC.”

Also help by visiting HolyLandPrinciples.org—to “Contact Companies,” to the list of companies. See email address list of the Investor Relations (ICRs). Please follow directions and email all the IRCs urging their Company to sign the Holy Land Principles.

For more information, please contact:

Sean Mc Manus President
Phone: 202-488-0107
Fax: 202-488-7537
Barbara Flaherty Executive Vice President
Phone: 202-488-0107
Fax: 202-488-7537

For more from this organization:

Holy Land Principles, Inc

 

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