Word: tutu
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Dates: during 1980-1989
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Says Bishop Desmond Tutu, the winner of the 1984 Nobel Peace Prize. "Those who invest in South Africa should not think they are doing us a favor; they are here for what they get out of our cheap and abundant labor and they should know that they are buttressing one of the world's most vicious systems...
Harvard argues that its policy for dealing with such investments is sound and ethical. The University requires its portfolio companies with South African operations to sign the Sullivan Principles and Tutu Principles, which call for reforms in the workplace and active opposition to apartheid laws to improve the status of Black South Africans...
...change in company policy for ethical reasons. Among questions which shareholders have had added to company proxies in recent years are proposals to ban work on nuclear arms, stop sales of computer technology to the Soviet Union, and, for companies with South African operations, implement the Sullivan Principles and Tutu Principles. These are a series of guidelines designed to improve working conditions for Black employees in the apartheid state (see box on this page...
...season and the process of intensive dialogue, through which Harvard tries to persuade ethically delinquent corporations to institute reform in South Africa, the University is guided primarily by the recommendations of the Sullivan Principles, developed by Black leader the Rev. Leon Sullivan, a director of General Motors, and the Tutu Principles, named for Black South African Bishop Desmond Tutu. Together, the Principles require the following...
...University, however, does not honor the Tutu Principles recommendation that shareholders impose time limits on the corporations in which they invest to adhere to the above reforms...