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SINCE 1889
THE UNIVERSITY DAILY KANSAN
WINDY DAY
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 Sot=
that invest in a set of standar
their. If a con-
form, the invest
Under the under
Association ado
panies it invest.
the Sallivan Pri-
comply with
Sept. 9 execut
fair and equal
for firms doin
Africa.
The Sullivan
Cam after
By Tim Hrenc Staff writer
After 24 days test the Kansas Association South Africa, we were taking front of Youngl "Saturday, a out of here," Lawrence law. Protesters s break camp a Endowment As a policy of se companies that Africa.
Todd Seyr Association pr was made earl publicized beer matter.
Hemphill s were tempted "But after would be here occurred, wh would all be old said.
Protesters s will be a bitter Chris Bunke student and pr tree on South thrilled to its divestment po "It's not ev for but it's
Coun enrol
By Lortie Pole
Staff writer
The University
mendation y students
whose schools for ac
in classes will
sumester.
Donald Sch
Procedures a policy would
students to classification
"I think s students",
he spaces in the
The rechny
Faculty Cour
will be sent
Chancellor G
Students wition of $Z do
University o
thelege or high s
to the Uvei
The origina
tion was to s
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.
companies investing in South Africa promote racial reform within their ranks.
Seymour said he would not release the name of the company that had not complied with either proposal, but he said its stock represented 0.2 percent 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.
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 Sullivan Principles, but such circumstances would be unusual.
For about nine years, the Endow.
Beer sales on Sunday debated
By Abbie Jones
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.
Staff writer
The bill permits Sunday sales at conventions, concerts, golf courses, marinas, racetracks, sporting and special events.
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.
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.
"On the one hand it increases our work load, but I can sympathize with their concerns," Lamb said. "This is
A season to remember
Cedric Hunter
Ron Kellogg
Kansas com
Danny Manning
ing states.
be the one who
if definitions
social event.
en and deter-
to," he said.
could be sold at
or concerts,
lversity most
possibility.
whether you'd
1 games," he
Reilly, R-man of the State Affairs bill wouldn't was going on
afford to go to
indays, Reilly
allow everyone
illege and also
Martin, D'e could use an
gourselves inith several of said
with several of the ea. said,
nthusiastic to legislation to a designed to "happy days" happy weeks." balticed tavares selling a beer price less than ear buyers dur-provision was not law, which price chargeding that day.
Walker, Ridding the Suncould threaten it reached the tomorrow.
use about three floor." Walker we should do on-
orns and clubs
for less than it
at, which would
dime draws.
a drink as part
and must keep a
OR, p. 5, col. 4
and not yet
ans
12
Kansan Magazine
Thursday, April 10, 1986