Proxy Statement for: International Business Machines, First National City Corporation, General Electric Co., Caterpillar Tractor Co.

CHURCH PROJECT ON UNITED STATES INVESTMENTS IN SOUTH AFRICA – 1973
by Church Project on United States Investments in Southern Africa
New York, New York, United States
March 19, 1973
6 pages
Type: Brochure
Coverage in Africa: South Africa
Coverage outside Africa: United States
Language: English
Contents: I. Introduction • II. Purposes of Solicitation • South Africa: U.S. Corporate Involvement • Border Industries Program • Influx Control • Economics and Apartheid • Employment • Education • III. Miscellaneous • FOOTNOTES • APPENDIX • I. HISTORY • II. RELATIONS WITH WORKERS • III. RELATIONS WITH THE GOVERNMENT • The brochure says this proxy statement is provided in connection with the solicitation of proxies for a shareholder resolution that calls upon the corporation to disclose specific information concerning its investment in the Republic of South Africa; the resolution has been submitted to four corporations by participants in the Church Project for U.S. Investments in Southern Africa – 1973. The brochure says the resolution calls for a full disclosure of the details of the corporation's involvement in the Republic of South Africa, asking that a report with this information be sent to all shareholders within four months of the 1973 annual meeting; the report will include details of the history of the corporation's involvement in South Africa (excluding information considered to be competitive), charitable contributions made by the company, a listing of wages and employee benefits since 1962 broken down by race, a description of grievance procedures and international recruiting programs, a listing of laws affecting the Corporation's employment practices and a listing of services or products sold to the South African government since 1962. The brochure says the Project is furnishing this proxy statement to solicit support for the "disclosure" resolutions concerning the South African investments of International Business Machines, First National City Corporation, General Electric Co., and Caterpillar Tractor Co. The brochure says over 300 U.S. companies have investments in the Republic of South Africa, totaling upwards of $949 million in 1971 according to the U.S. Department of Commerce; South Africa is internationally known as a country where the system of apartheid reigns; apartheid is a carefully stylized system of laws and customs which work to insure the continued domination and control of the white minority over the majority of the population made up of Africans, Coloreds and Asians. The brochure says by law and custom, no "non-white" ever holds a supervisory position over a white. Most skilled or otherwise desirable jobs are reserved for whites; as early as 1942 some strikes by Africans were outlawed. Under the Native Labour (Settlement of Disputes) Act, African workers continued to be denied the right to be considered "employees." The brochure discusses the Committee on Social Responsibility in Investments, Protestant Episcopal Church in the U.S.A., the United Church of Christ, the United Presbyterian Church in the U.S.A. (UPUSA), the Unitarian Universalist Association, the United Methodist Church, the Women's Division of the Board of Global Ministries, the American Baptist Board of Education and Publication, the American Baptist Home Mission Societies, the National Council of Churches of Christ in the U.S.A. (NCC), the Episcopal Churchmen for South Africa (ECSA), Mr. B .. R. Dorsey, Gulf Oil Corporation, Ford Motor Company, Henry Ford, IBM, GE, political power, the vote, the Population Registration Act, passbooks, the South African Commissioner of Police, pass laws, the Terrorism Act, Bantustans, cheap labor, wages, the reserves, job reservation, the Industrial Conciliation Act of 1956, disenfranchisement, labor agreements, the Bantu Labour Board, colored unions, dependence on black labor, foreign investment, Neil Wates, Mobil Oil, GM (General Motors), Goodyear Rubber Company, U.S. corporations, and the European community.
Collection: Lynne Weikart Collection, Michigan State University Libraries Special Collections