The Boardroom Initiative, a new joint project from the Job Creators Network Foundation (JCNF), Free Enterprise Project, and Second Vote, aims to counter “woke” policies in corporate America.
The group will be led by former president and CEO of McDonald’s Ed Rensi and hopes to focus corporations on their business goals, rather than political policies.
“I have served on the board of McDonald’s Corporation, Famous Dave’s Bar-B-Que, Great Wolf Resorts, Snap-on Inc., JAFRA, and a few others,” said Rensi. “In every case those board members adhered to best practices for the benefit of the shareholders and the public good. Serving a vocal minority out of ignorance is absolutely unacceptable. When public companies take sides in political debates, it is to the detriment of company shareholders. Free market capitalism – a system responsible for lifting billions out of poverty and improving the worldwide standard of living – is under attack, and in too many cases, corporations are eagerly participating in these attacks out of a misplaced sense of virtue.”
According to a release, the organization’s first project will target Bank of America and will distribute a shareholder proposal.
The Bank of America’s proposal is “calling for a civil rights audit of the diversity policies at the company to ensure no race or gender groups are being excluded in the name of equity or anti-racism.”
“The Boardroom Initiative, among other things, will take this fight directly into the boardroom by giving shareholders the tools to win the fight through shareholder proposals. I am pleased to lead this initiative and I am certain it will play a critical role in the fight for economic freedom and fair, fact-based civic discourse,” Rensi added.
The corporation’s board will vote on the proposal on April 26.
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Cooper Moran is a reporter for The Tennessee Star and The Star News Network. Email tips to [email protected].
Photo “Ed Rensi” by Ed Rensi. Background Photo “Bank of America Building” by Tony Webster. CC BY 2.0.