Word: namibia
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...United Nations General Assembly revoked South Africa's mandate over Southwest Africa's mandate over Southwest Africa, which it had ruled since 1919, and turned legal authority over the province--renamed Namibia--to a Council of Namibia, which has sat powerless in New York ever since. In 1970, the Security Council endorsed that decision and declared South Africa's presence in Namibia as illegal. The U.S. government has warned American firms still operating in the province--and still making payments to South Africa--that it will not protect them when the Namibians take over, but plenty of companies are continuing...
...United Church and the Church Project are sponsoring resolutions to amend the certificates of incorporation of CONTINENTAL OIL (225,000 shares; May 1) and PHILLIPS PETROLEUM (70,000; April 24) to prohibit them from conducting operations in Namibia, and to require them to wind up their current operations there. Harvard has never supported substantive resolutions like this in the past; but because of the clear illegality of South African rule in Namibia it is possible that the Corporation will make an exception in this case...
...more important and progressive role? To start, optimists may point to the committee's votes on Caterpillar Tractor and Phillips Petroleum proxies. The ACSR was unanimous in endorsing a request for Caterpillar's disclosure of data regarding South African operations, and in opposing Phillips's exploration for oil off Namibia's coast...
...seemingly clear-cut aspects of the legal situation in Namibia made a deeper evaluation of relevant moral and political issues unnecessary. Because the problem of Continental Oil is identical with Phillips's, it is likely the ACSR will deal with that question, too, without ever coming forward with an analysis of competing political claims in Namibia. Thus, the Namibian issues provide little basis for predicting the committee's further behavior...
...Corporation's next chance to endorse the ACSR's skepticism comes next week, when it votes its Phillips Petroleum shares for or against an ACSR-endorsed resolution to force the company's withdrawal from Namibia, the southwest African territory that South Africa rules illegally and with the same rigid apartheid the government imposes at home. Until the Corporation follows the ACSR's lead on this and other matters, we will remain skeptical; but the Caterpilllar Tractor vote is at least a step in the right direction...