UVA Proxy Advisory Committee: South African Proxy Issues

Authors: Woodward, Susan; Paine, Lynn S.; Tulloch, Henry W.
Source: Darden Business Publishing
Year: 1991
Company Name: Perkin-Elmer Corporation, University of Virginia
Number of pages: 25

[This document has not yet been rated] [You must be signed in as faculty to rate this document]   1683 views

Abstract:

The Proxy Advisory Committee of the University of Virginia must recommend to the Finance Committee of the University's Board of Visitors how it should respond to a shareholder resolution requesting Perkin-Elmer to terminate its operations in South Africa. This is the third time shareholders have questioned Perkin-Elmer's South African connections. The case raises the broader issues of management's response to shareholders, shareholder responsibility, and the university as investor, as well as the specific question of investing in companies that do business in South Africa.