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SINCE 1839
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 So
a set of standa theid. If a form thei
companies investing in South Africa promote racial reform within their ranks.
form, the in Under the Association panies it im the Sullivan compliy will. Sept. 9 exec tion for firms o Africa. The Sulliv
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.
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.
Beer sales on Sunday debated
The Sulliv
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.
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.
By Abbie Jones
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.
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.
For about nine years, the Endow-
"On the one hand it increases our work load, but I can sympathize with their concerns." Lamb said, "This is just to make Kansas cam
Staff writer
Car afte
By Lott Pole
Staff writer
The Univer-
mation mendation
w students
whose schools for ac
in classes wi t semester.
Donald Sch
Procedures a policy would
students to classification
"I think s students," he
spaces in the reme
the Recom-
Faculty Cour
will be sent Chancellor G Students
wition of 9Z University of
They also dlege or hui to the Univer
The origina
tion was to 2
By Tim Hre
Staff writer
After 24 days
test the Kaimen
Assoc
South Africa
were taking
front of You.
"Saturday
out of her
Lawrence la-
nce"
Protesters
break camp
Endowment
a policy of
companies t
Africa.
Todd Se
Association)
was made se
publicized be
matter.
Hemphill
were tempe-
ture.
"But after
would be her
occurred,
would all be co-
said.
Protesters
will be a bitt
Chris Bum-
student and p-
tee on South
thrilled to
divestment p
"It's not e
for but it's
Coun enrol
g states."
the one who
I definitions
event.
m and deter-
he," said.
uld be sold at
or concerts,
versity most
possibility.
whether you'd
" games,"
Thursday, April 10, 1986
Reilly, Ran of the State Affairs bill wouldn't was going on
afford to go to days, Reilly low everyonelege and alsoag
Martin, D could use an
ourselves in th several of said.
enthusiastic to legislation to be designed to "happy days" *appy weeks.* **tawdier taverns** selling a beer price less than or buyers dur-provision was it law, which price charged that day. **Walker**, Riding the Suns could threaten it reached the morrow. **he about three floor."** **Walker** should do on-
ms and clubs
or less than it,
t which would
draw dime.
drink as part
d must keep
DR, p. 5, col. 4
university's a mistake o a student, and would
udited an-
2
found inac- cations. an honest
lie on their he said. applications subject to
more people vork that it
Kansan Magazine
e graduate
he said,
em with the
parents had
which was
the load of
not yet