Divestment

The Brown Corporation voted at its February 2006 meeting to divest from companies whose business activities can be shown to be supporting and facilitating the Sudanese government in its continuing sponsorship of genocidal actions and human rights violations in Darfur. In addition to six companies designated for exclusion from University investment in March 2006, The Corporation acted to similarly exclude the following eight companies: Lundin Petroleum, Nam Fatt, Oil & Natural Gas Corporation, PECD, Schlumberger, Alstom, Harbin Power Equipment Co., and Bharat Heavy Electricals.
It is anticipated that as circumstances and events in that region of the world unfold, the list of companies excluded from direct investment will need to be monitored and may be subject to change. The administration and Advisory Committee on Corporate Responsibility in Investing will monitor the situation and make recommendations, as necessary, to the Advisory and Executive Committee.