Banks and Corporations Receiving Shareholder Resolutions on South Africa January 1982
by Interfaith Center on Corporate Responsibility
New York, New York, United States
About late January or February 1982
Report on shareholder resolutions about southern Africa submitted by church agencies (and one by Bryn Mawr College), including the purpose of the resolution, by whom it was filed, and the number and value of the shares filed. Crocker National, Wells Fargo, Sears, Shearson-American Express, Republic National, Citibank, and Phibro received resolutions saying they should make no new loans (or renew old loans) to the South African government. Bank of America, Control Data, and Sperry received resolutions requiring them to disclose their involvement in South Africa and their criteria for doing business there, including the impact of their business on the struggle of the black majority for social, political and economic equality. Doyle Dane Bernbach, First Union Bancorp, Republic New York, and First Chicago, received resolutions relating to advertising and selling the South African coin, the Krugerrand. Superior Oil received a resolution saying the company and its subsidiaries should cease operations in Namibia and halt all new investment there until South Africa ends its illegal occupation of Namibia. Ingersoll Rand, Squibb, and Dresser received resolutions related to the Sullivan Principles. Other corporations receiving resolutions include Xerox, Hewlett-Packard, IBM, Perkin-Elmer, and Southern Company.
Used by permission of the Interfaith Center on Corporate Responsibility.
Collection: Private collection of Richard Knight