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SINCE 1889
THE UNIVERSITY DAILY KANSAN
FRIDAY, APRIL 11, 1986, VOL 96, NO. 131 (USPS 650-640)
Clouds
Details page 3.
Divestment policy requires companies to follow standards
By Tim Hrenchir
Staff writer
The Kansas University Endowment Association is now investigating one company in its investment portfolio that has not complied with the selective divestment policy it adopted early this year, the Endowment Association president said yesterday.
Todd Seymour, the president, said adoption of the policy had been evolving since 1978 but only became official this year.
"This has been in the process for a long, long time," he said.
The policy hadn't been publicized, Seymour said, because it is strictly an internal procedure.
"We sometimes don't realize what people know and what people don't know," he said. "This was one of those things we just assume everybody knows."
Selective divestment is a policy in which investors demand that companies in their investment portfolio
that invest in Soa
a set of standar
theid. If a com
form, the invest
Under the pol Association adop-
panies it invests the Sullivan Pri-
comply with 1 Sept. 9 executive
fair and equal o for firms doing
Africa.
The Sullivan
companies investing in South Africa promote racial reform within their ranks.
Seymour said all but one of the companies the Endowment Association invested in agreed to follow Reagan's proposals and all but two signed the Sullivan Principles.
Seymour said that in certain situations, the Endowment Association might continue to hold stock in a company with South African interests that hadn't signed the agreement but still circumstances would be unusual.
Seymour said he would not release the name of the company that had not complied with either proposal, but his company had already received an offer of Endowment Association earnings.
If a company does not sign either of the two proposals, Seymour said, Endowment Association staff will find out why, then make a decision whether to divest in the company's stock.
For about nine years, the Endow
Beer sales on Sunday debated
TOPEKA - Call it a boost to the state's liquor image or just its income — but an amendment to legalize Sunday beer sales was revived this year with only two days remaining in the session.
What has been known this session as the happy hour bill was amended yesterday in the Senate Federal and State Affairs Committee. It was amended to allow the sale of beer at all stores licensed to sell 3.2 percent beer, except liquor stores, after 1 p.m. on Sundays.
By Abbie Jones
The bill permits Sunday sales at conventions, concerts, golf courses, marinas, racetracks, sporting and special events.
"On the one hand it increases our work load, but I can sympathize with their concerns." Lamb said. "This is
Cam after
John Lamb, director of the Alcoholic Beverage Control, stood outside the committee door and shook his head. He had mixed feelings about the changes, he said.
Staff writer
By Tim Hrenc Staff writer
After 24 days
test the Kansa
memorization
South Africa, o
were taking do
front of Youngl
Protesters s break camp an Endowment as a policy of se companies that Africa.
Todd Seer Association prv was made earl publicized becc matter
Hemphill s were tempted t
"But after
would be here
occurred, whi
would all be olo
said.
Protesters s will be a bite
Chris Bunke student and pree on South thrilled to le devement pt
"It not ev
but for it's."
Coun enrol
The Univer-
mation y
students who
schools for ac
in classes wif
semester.
By Lori Pols Staff writer
Donald Sch Procedures a policy would students to classification "I think s students," he spaces in the Recom Faculty Court will be sent Cancellor G Students w intention of 9Z do University o They also do lege or highs to the Univer The origination was to i
Calvin Thompson
Archie Marshall
Greg Dreiling
Kansas com- ing states."
gates states," he the one who al definitions social event and deter-to," he said. mild be sold at or concerts, diversity most possibility, whether you'd games," he
Reilly, Rman of the State Affairs bill wouldn't go on
afford to go to indays, Reilly Ilow everyone ilege and also ins.
Martin, D.e could use an
g ourselves inith several of e said.
Kansan Magazine
rns and clubs
for less than it
at, which would
i dame draws.
a drink as part
must keep a
e said,
thusastic to legislation to a designed to "happy days"
happy weeks"
libited taverns
selling a beer price less than
buyer durs provision wasnt law, which price charged
ing that day.
Walker, Rending the Sung could threaten it reached the tomorrow
se about three floor," Walker should do on-
OR, p. 5, col. 4
audited an
University's e a mistake to a student, e and would
found inacplications. an honest
Thursday, April 10, 1986
lie on their s, he said. applications e subject to
more people work that it
ne graduate
ne said,
blem with the
parents had
g, which was
the load of
had not yet ans.
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