The mailing includes excerpts from the proxy statement for IBM stockholders, in which 14 national Protestant church boards and Catholic orders explain why they urge IBM not to sell, lease or service equipment to the South African government. These churches are participants in the Church Project on U.S. Investments in Southern Africa, which is part of the Interfaith Center on Corporate Responsibility, related to the National Council of Churches. IBM considers the resolution "tantamount to withdrawal"; hence this action is consistent with ACOA's call for corporate disengagement from South Africa. The mailing says IBM is perhaps the most widely held stock in the country; many churches, universities,...
The mailing includes excerpts from the proxy statement for IBM stockholders, in which 14 national Protestant church boards and Catholic orders explain why they urge IBM not to sell, lease or service equipment to the South African government. These churches are participants in the Church Project on U.S. Investments in Southern Africa, which is part of the Interfaith Center on Corporate Responsibility, related to the National Council of Churches. IBM considers the resolution "tantamount to withdrawal"; hence this action is consistent with ACOA's call for corporate disengagement from South Africa. The mailing says IBM is perhaps the most widely held stock in the country; many churches, universities, pension funds, organizations and individuals own IBM stock. The mailing discusses Frank T. Cary, computers, the Greater Washington D.C. Council of Churches, the South Africa Boycott Project, and Action for World Community. • WHAT YOU CAN DO • IBM COMPUTES APARTHEID!
