Sovereign Wealth Funds and Corporate Constituency Statutes

"Be careful what you ask for, you might get it," my mom used to say.  States, including Ohio, passed statutes that allowed boards of directors to take into account "other constituencies" (read: non-shareholder) when making decisions.  Now foreign sovereign wealth funds are buying stakes in American corporations and our concern is that they will not act like normal controlling shareholders and focus on shareholder returns.  The foreign funds may use the funds as a branch of their foreign policy departments.  In other words, the foreign funds will take into account "other constituencies."  We are worried about the effect on our capitalist system -- the same concern that should have led us not to adopt the constituency statutes.