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Divestment of the Stock Portfolio of the Society

Published online by Cambridge University Press:  27 February 2017

Henry J. Richardson III
Henry J. Richardson III*
Affiliation:
Temple University School of Law.
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Extract

On October 25, 1986, the Executive Council of the American Society of International Law decided to divest the Society’s investment portfolio of stocks in all corporations “with direct investments in South Africa.” This action, which was taken by the Council after considerable debate, superseded the Society’s former policy of investing only in corporations with a high ranking under the “Sullivan principles.” The Council’s action is worthy of note in light of recent divestment-related actions, but especially because the resolution of economic considerations was informed by wider issues of law, moral policy making and human rights.

Type
Current Developments
Information
American Journal of International Law , Volume 81 , Issue 3 , July 1987 , pp. 744 - 747
Copyright
Copyright © American Society of International Law 1987

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References

1 For the Sullivan principles, see Dep’t St. Bull., No. 2103, October 1985, at 1.