Word: divesting
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...response, the Corporation agreed to review investments on a case-by-case basis, but refused to accept the ACSR's suggestion that it divest from banks lending money directly to the apartheid regime...
Without warning, and without informing other groups of their plans, seven students announced on April 18 that they were beginning a water and vitamins only hunger strike to force the University to divest...
...first time in its 10 and one-half year history, the Advisory Committee on shareholder Responsibility (ACSR) this spring voted on a recommendation advising the Corporation to divest itself from stock in all companies doing business in South Africa. The resolution did not pass--it failed by a six to six tie vote--but the mere fact that the ACSR came close to passing so sweeping a recommendation demonstrates how far the committee has evolved in its 11 year history...
...that Harvard check that the companies it invests in abide by the Sullivan Principles, which set forth suggested minimum wage and labor standards for U.S. companies operating in South Africa. President Bok issued a policy statement that year agreeing with the ACSR recommendation, and stating that the University would divest from companies that fail to meet the minimum requirement of the Sullivan Principles. Nevertheless, to this day the University has not yet divested from any company on these grounds...
...Sullivan Principles as the bare minimum requirement for investing in a company, and that it sell its stock in any company that fails to meet these minimum standards. This term's actions culminated with the unprecedented six to six vote on a recommendation asking the Corporation to divest from all companies doing business in South Africa, whether or not they subscribe to the Sullivan Principles...