SANTA CLARA, Calif., May 21, 2015 /PRNewswire-USNewswire/ -- Holy Land Principles, Inc. has secured for the second time the key number of votes for its Resolution.
The first time was at the GE Annual meeting in April, and now today at the Intel Annual Meeting where it was announced preliminarily that Holy Land Principles had gained 3% of the vote—the number required for being able to re-introduce the Resolution again next year.
The final count will be confirmed and certified within 48 hours. If a Resolution does not gain at least 3% it cannot be resubmitted for another three years according to SEC rules.
Fr. Sean Mc Manus — President of the Capitol Hill-based Holy Land Principles, Inc. and Irish National Caucus— who proposed and spoke on the Resolution said after the meeting: "We are delighted. As they say, nothing is more powerful than an idea whose time has come. The time of the Holy Land Principles is here. The Principles — just like the Mac Bride Principles, on which they are based— will grow and grow because they are inherently just and eminently reasonable. Who can even begin to argue against them? The Holy Land Principles make only one demand: That all 545 American companies in Palestine-Israel practice fair employment. What could be wrong with that? The only surprising thing is, extraordinarily, it had never been done before we launched the Holy Land Principles.
Barbara Flaherty, Executive Vice President of Holy Land Principles, Inc. who also attended the Intel Annual Meeting, said: "It is very reassuring that we achieved the key 3% threshold. Our campaign continues with vigor. Now on to Cisco where our Resolution will be moved in the Fall."
The Holy Land Principles— a 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, divestment, disinvestment or boycotts. The Principles do not take any position on solutions to the Israeli-Palestinian issue. The Principles do not try to tell the Palestinians or the Israelis what to do.
The Holy Land Principles only call for fair employment by American companies in Palestine-Israel.
CONTACT: Sean Mc Manus, 202-488-0107, firstname.lastname@example.org
SOURCE HOLY LAND PRINCIPLES