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Shareholders Take A Stand Against Private Prisons [forbes.com]

 

As explored in JPMorgan Chase is Done With Private Prisons, hundreds of #FamiliesBelongTogether activists and grassroots organizations in cities across the country took to the streets — or rather, the banks — this past Valentine’s Day to let banks profiting from mass incarceration and immigrant detention know that it’s time to “break up” with the private prison industry and “show love” to communities instead. JPMorgan’s announcement last week to stop funding was indeed a taste of victory for all those involved.

Behind the scenes, a quieter, complimentary fight has also been in the works to push the needle on redefining corporate responsibility. Shareholders filed a monumental resolution this past December to get a broad message across to the market: stop funding things deemed at risk for human rights violations as a result of government contracts supporting President Trump’s “zero-tolerance” immigration policies. This interview with Nadira Narine, Senior Program Director of Strategic Initiatives at Interfaith Center on Corporate Responsibility, discusses the strategy of this growing fight.

[For more on this story by Morgan Simon, go to https://www.forbes.com/sites/m...risons/#379c71bc41e6]

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