In a responsible move, the University of Washington regents decided to raise an internal commotion with companies doing business in Sudan...
In a responsible move, the University of Washington regents decided to raise an internal commotion with companies doing business in Sudan, rather than sell the university’s stock.
Several student groups asked the regents to divest its $12.5 million in affected holdings because they suspected the five companies, through business ventures, were supporting ethnic violence in Sudan’s Darfur region. The U.S. State Department estimated that in the past two years, between 60,000 and 160,000 people have died there because of violence and disease. The regents did not rule out divestment, an action Stanford and Harvard’s trustees have taken. But they resolved to take other actions, which include raising concerns with company officials and forming coalitions to sponsor stockholder resolutions. For 10 years, the university has taken a similar approach with regard to investments in companies doing business in Burma. Most no longer operate there.
The regents are right to keep a watchful eye on the Sudan and raise a defiant voice.