CORPORATIONS RECEIVING RESOLUTIONS ON SOUTHERN AFRICA

by Interfaith Center on Corporate Responsibility
New York, New York, United States
Undated, early 1978 or an earlier year?
2 pages
Type: Policy Document
Coverage in Africa: Namibia, South Africa, Zimbabwe
Coverage outside Africa: United States
Language: English
The document lists banks these that have received resolutions requesting the Board of Directors to establish as policy that the corporation not make new loans or renew old loans to the government of South Africa unless or until certain conditions are met: BankAmerica (Bank of America), Crocker National, First National Boston, and Manufacturers Hanover Trust. These banks have received resolutions requesting a report on the bank's commitments in South Africa stating their current policy and the bank's evaluation of how each loan contributed to the well-being of the black majority: Citicorp, Continental Illinois, First Chicago, and J. P. Morgan. These companies have received resolutions requesting the Board to establish as policy that the corporation not make further investments or expand operations in South Africa unless certain conditions are met: Union Carbide and United States Steel. These companies have received a resolution requesting the Board to establish as policy that the corporation terminate operations in South Africa unless and until the government commits to ending apartheid: Kimberly-Clark, Minnesota Mining and Manufacturing (3M), Motorola, Phelps Dodge, Texaco. Other companies that have received resolutions concerning their activities in South Africa are Control Data, Southern Company, Eastman Kodak, and Kennecott Copper. Newmont Mining has received a resolution concerning its operations in Namibia. Mobil Oil Corporation, Standard Oil of California, and Texaco have received resolutions concerning oil sales to Rhodesia. The resolutions have been filed by Roman Catholic orders and Protestant denominations.
Used by permission of the Interfaith Center on Corporate Responsibility.
Collection: Vincent Klingler papers, Michigan State University Libraries Special Collections