Why Companies Should Divest from Sudan

During the week of April 13, the Vanguard Group’s mutual funds shareholders received their first proxies since 2002. The proxies contain a proposal which asks shareholders to “institute procedures to prevent holding investments in companies that, in the judgment of the Board, substantially contribute to genocide or crimes against humanity, the most egregious violations of human rights.”

The proposal was coordinated by the non-profit group, Investors Against Genocide. Voting is open until the shareholder meeting on July 2. Eric Cohen, chairperson of Investors Against Genocide, characterizes the proposal as “particularly unusual, because Vanguard customers have not had an opportunity to vote in nearly seven years, and also because the genocide-free investing proposal is the first shareholder proposal to make it onto the proxy ballot at Vanguard.”… – CLICK HERE to Continue Reading and Comment

Source: http://www.TriplePundit.com: Why Companies Should Divest from Sudan