ALEC in Washington Times: Fighting to Protect Pension Funds from ‘Woke’ Investment Schemes
“Conservative activism is finally beginning to counterbalance progressive activism on issues like identity politics and climate change goals."
By Sean Salai – The Washington Times – Tuesday, April 12, 2022
Conservative investors are becoming shareholder activists to battle what they call the “woke” gender and race policies of America’s corporate boardrooms.
The American Legislative Exchange Council, a network of conservative private investors and state legislators, recently introduced model legislation that would stop state pension fund managers from introducing “woke criteria” into the investment selection process.
And the National Center for Public Policy Research (NCPPR), a conservative tank in Washington, D.C., is telling moderate and conservative investors how to use shareholder proxies to challenge liberal policies in corporate board elections.
The center’s Free Enterprise Project has purchased shares in corporations like the Walt Disney Co., which it claims has allowed conservative proxies to introduce proposals against “woke” ideology at more than 100 shareholder meetings over the past four years.
“Conservative activism is finally beginning to counterbalance progressive activism on issues like identity politics and climate change goals,” said Richard Morrison, a senior fellow at the libertarian Competitive Enterprise Institute.