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Caption: Board of Trustees Minutes - 1986
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288 BOARD OF TRUSTEES [June 20 concerning South Africa would be the provision of scholarships for students from South Africa and the further development of research relevant to modern South Africa. The board men acted upon the motion of Mr. Howard (with Mr. Hahn's suggested amendment as accepted) and approved it by the following vote: Aye, Mrs. Day, Mr. Forsyth, Mrs. Gravenhorst, Mr. Hahn, Mr. Howard, Mr. Madden, Mrs. Shepherd; no, Miss Smith; absent, Governor Thompson; present, Mr. Logan. (The student advisory vote was: Aye, Mr. Lamm, Mr. Pittman.) The full text of the University's policy, as amended by the board, follows: UNIVERSITY POLICY CONCERNING INVESTMENT IN CORPORATIONS DOING BUSINESS IN SOUTH AFRICA Whereas, the Board of Trustees instructed the administration to study and report upon the ramifications of divestiture of investments in companies doing business in South Africa, after receiving requests from the Student Government Association at Urbana and other student groups; and Whereas, the review of issues which resulted has been received and studied in detail by the board, which has also received formal and informal presentations from student groups and others from the Urbana and Chicago campuses; and Whereas, the board is mindful of the 20-year history of board study, review, and decisions upon these issues; and Whereas, the board has received an opinion of its university counsel which outlines its fiduciary responsibilities regarding the investment of public funds under the laws of the State of Illinois; and Whereas, the board believes that modifications should be made to its official policies; Now, Therefore, Be It Resolved by the Board of Trustees of the University of Illinois as follows: a. The board expresses its appreciation to the administration for the preparation and presentation of a thorough, thoughtful, and evenlybalanced review of die issues before the board involving investments in companies doing business in South Africa. b. The board reiterates and emphasizes its continuing and deeply held opposition to racial injustice and the deprivation of human rights which exist as the official policy of the government of South Africa (as represented by apartheid) and which exists in other countries as well. c. The board continues to believe, along with a majority of public and private institutions of higher education in this country, that its policy dealing with investments in U.S. corporations doing business in South Africa is morally sound and fiscally responsible. Further, the board believes that:
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