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Holy Land Principles Again Speaks Truth to Cisco-Power

Posted on December 13, 2016September 25, 2018 By rayhanania No Comments on Holy Land Principles Again Speaks Truth to Cisco-Power
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Holy Land Principles Again Speaks Truth to Cisco-Power

The existential question that can no longer be ignored

The Silicon Valley giant networking company Cisco was again challenged to demonstrate its commitment to transparency and fair employment in Cisco’s operations in Israel/Palestine at the Annual Shareholder Meeting on Monday, December 12, 2016.

The Holy Land Principles, Inc. moved its Resolution/Proposal at the meeting in San Jose.

 The Holy Land Principles — an 8-point corporate code of conduct for American companies doing business in Palestine/Israel— are pro-Jewish, pro-Palestinian and pro-company. The Principles do not call for quotas, reverse discrimination, disinvestment/divestment or boycotts—only for fair employment by American companies. The Principles do not try to tell the Israelis or Palestinians what to do—they only call on Cisco and the other 543 American companies doing business there to sign the Holy Land Principles.

The Principles are based on the Mac Bride Principles—a corporate code of conduct for U.S. companies doing business in Northern Ireland. Those Principles were launched by the Irish National Caucus on November 5, 1984.

 Fr. Sean McManus — President of the Holy Land Principles. Inc. and the Irish National Caucus—explained: ” This time our Cisco Proposal/Resolution called on Cisco —at reasonable cost and omitting proprietary information—to disclose the breakdown of its workforce in the Holy Land using the nine job categories which are utilized in the U.S. Department of Labor’s EEO -1 Report (Equal Employment Opportunity): 1.Officials and managers; 2. Professionals; 3. Technicians; 4. Sales; 5. Office and clerical; 6. Craft Workers (skilled); 7. Operatives (semiskilled); 8. Laborers (unskilled); 9. Service workers.” (See text of Proposal/Resolution.)

 The Holy Land Principles resolution garnished 4.1% of the vote, topping the necessary 3% threshold required in order to re-introduce the same Resolution again next year, which, of course, will be done. Had the Resolution gained less than 3%, it could not —according to SEC rules— be brought forward again for another three years.

The Resolution received over 137 Million votes—137,461,488 (4.1%) with 298,160,430 abstentions.

At the close of business on December 12th, the value of Cisco shares was $30.17 so the value of the share votes for Holy Land Principles, Inc. represented $4,147,213,092.96. The value of abstentions was $8,995,500,173.10. Therefore, the combined total of money not supporting Cisco was over $13 Billion ($13,142,713,266.06), and a total of 435,621,918 votes not supporting Cisco’s opposition to the Resolution

 Fr. Mc Manus concluded: “Surely no company proud of its fair employment should have a problem in publicizing a breakdown of its workforce as our Resolution urges. Surely it is a reasonable and moderate request— in keeping with transparency and American best practice?

For too long this issue —fair employment by American companies in the Holy Land —was never raised until the Holy Land Principles were launched on International Human Rights Day, December 10, 2012. It was the elephant in the (board) room. Even faith- based SRI (Socially Responsible Investing) organizations were scared to touch it… a betrayal of both Faith and Socially Responsible Investing.”

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rayhanania
rayhanania
Op-Ed writer, author, radio host, podcaster at The Arab Daily News
Ray Hanania is an award-winning columnist, author & former Chicago City Hall reporter (1977-1992). A veteran who served during the Vietnam War and the recipient of four SPJ Peter Lisagor Awards for column writing, Hanania writes weekly opinion columns on mainstream American & Chicagoland topics for the Southwest News-Herald, Des Plaines Valley News, the Regional News, The Reporter Newspapers, and Suburban Chicagoland.  

His award winning columns can be found at www.HANANIA.COM Subscribe FREE today

Hanania also writes about Middle East issues for the Arab News, and The Arab Daily News criticizing government policies in the Israeli-Palestinian conflict.

Hanania was named "Best Ethnic American Columnist" by the New America Media in November 2007, and is the 2009 recipient of the SPJ National Sigma Delta Chi Award for column writing.

Email Ray Hanania at rghanania@gmail.com.

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