Politics & Policy

Can Publicly Traded Companies Have Religious Beliefs?

Generally, I applaud the Trump Administration’s rollback of the Obamacare rules that infringed on religious liberty of individuals, non-profits, and closely held businesses by forcing them to act contrary to their religious faith in providing coverage for birth control and morning after pills.

But I think the administration took at least one step too far.

The new conscience exemption includes ”publicly traded companies.”

How can a publicly traded company have a moral conviction or a religious belief?

Stockholders are the owners of such concerns, not management or the board of directors. In order for “the company” to have a religious belief or moral conviction, it seems to me that every owner–e.g., all shareholders–would have to have the exact same opinion. 

How would a publicly traded company even begin to prove that?

This was a mistake. Hopefully, it will not be a fatal one to the legality of the new rules.

Wesley J. Smith — Lawyer and award winning author, Wesley J. Smith, is a senior fellow at the Discovery Institute’s Center on Human Exceptionalism. He is also a consultant to the Patients Rights Council. ...

Most Popular


Fire the FBI Chief

American government is supposed to look and sound like George Washington. What it actually looks and sounds like is Henry Hill from Goodfellas: bad suit, hand out, intoning the eternal mantra: “F*** you, pay me.” American government mostly works by interposition, standing between us, the free people at ... Read More
Film & TV

Black Panther’s Circle of Hype

The Marvel Cinematic Universe (MCU) first infantilizes its audience, then banalizes it, and, finally, controls it through marketing. This commercial strategy, geared toward adolescents of all ages, resembles the Democratic party’s political manipulation of black Americans, targeting that audience through its ... Read More