Supreme Court’s Shocker Makes CSR Key Buttress of Democracy

by Hazel Henderson, for CSRwire Talkback, January 25, 2010.

If the worldwide movement for corporate social responsibility didn’t exist, we would have to invent it after the US Supreme Court’s January 21, 2010, decision to lift all limits on corporate money in politics.  This 5-4 decision drew instant cries of alarm from constitutional lawyers, including President Obama, who said “the Supreme Court has given a green light to a new stampede of special interest money into our politics.  It is a major victory for big oil, Wall Street bankers, health insurance companies and other interests that marshal their power every day in Washington and drown out the voices of everyday Americans.”  Republican leaders hailed the ruling as “a victory for the First Amendment.”  Our local Congressman in Florida, Alan Grayson (D-8) called it “the worst decision since the Dred Scott case” and has introduced six bills to roll back this ruling by tightening corporate governance.

Enter CSR and SRI advocates! How will institutional and individual investors respond — all now crucial players in this debate?  Congressman Barney Frank and Senator Chris Dodd are exploring regulatory restrictions on corporations on the likely new flood of corporate money drowning out ordinary votes.  The White House is proposing new legislation.  CSR and SRI leaders can have a major role!  Ethical Markets Advisory Board members Robert A. G. Monks, author of Corpocracy(2007), Matthew Kiernan, author of Investing in a Sustainable World (2009) and founder of Innovest, Wayne Silby, founder of CalvertAlice Tepper-Marlin, President of Social Accountability International and Amy Domini, author of Socially Responsible Investing (2000) and founder of Domini Social Investments, are all naturals!…(continue reading)

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