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Caption: Board of Trustees Minutes - 1978
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1977] UNIVERSITY OF ILLINOIS 267 O n recommendation of the Finance Committee and on motion of Mr. Lenz, the Investment Report was approved. I n addition, Chairman Livingston reported briefly on die meeting of me Finance Committee on die preceding day to consider die request of Assistant Professor Dean E. McHenry, Jr.: that the University support General Electric Share Owner Proposal Number Four. T h e proposal, which called for General Electric to cease further investment in die Republic of South Africa and to terminate present operations there unless and until die South African government commits itself to end apartheid, was to be presented at die April 27 annual meeting of the corporation. T h e committee also received communications in support of the proposal from die African Students Organization, the U r b a n League of Champaign County, and die Twin City Federation of Labor. After considerable discussion, the Finance Committee had voted to recommend to the Board of Trustees that the University abstain from voting on Share Owner Proposal Number Four, dius supporting neidier die proposal nor the General Electric Board of Directors' recommendation for a vote against it. T h e committee further voted to continue this inquiry as provided in die "Social Questions and University Investment Policy" adopted by the Board on January 19, 1972. O n motion of Mr. Forsytii, die recommendation of die Finance Committee was approved. SECRETARY'S REPORT T h e Secretary presented for record appointments to the faculty and changes of status made by the President, resignations, leaves of absence, and retirements. A copy of the report is filed with the Secretary. ANNOUNCEMENTS FROM THE PRESIDENT OF THE BOARD President Howard called attention to die schedule of regular meetings for the next tiiree months: May 18, Rockford School of Medicine; June 15, Urbana (Agronomy D a y ) ; July 20, Chicago Circle. There being no further business, the Board adjourned. EARL W. PORTER GEORGE W. HOWARD III Secretary President LUNCHEON GUESTS Guests of the Board at luncheon included a number of professors in the Center for Advanced Study, Urbana-Champaign campus.
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