Central Student Government
Cassie Fields, Communications Director
For Immediate Release November 15th, 2017
Divestment Resolution Passes CSG Assembly
ANN ARBOR- With a vote of 23 in favor, 17 opposed, and 5 abstentions, CSG passed Resolution 7-019 on Tuesday– a resolution calling on CSG to request the Board of Regents to appoint an ad hoc committee to assess University investments in companies that conduct business with Israel.
As described in a resolution summary submitted to CSG, the purpose of this Resolution is to create a committee “to investigate the ethical and moral implications of our investments in the corporations Boeing, Hewlett-Packard, and United Technologies.”
The following language is lifted directly from the University’s investment policy on the process of investigating University investments:
We will ask the Regents to appoint an ad hoc committee to investigate the ethical and moral implications of our investments only when the following conditions have been met:
- The concern to be explored must express the broadly and consistently held position of the campus community over time;
- There must be reason to believe that the behavior or action in question may be antithetical to the core mission and values of the University.
- There must be reason to believe that the organization, industry or entity to be singled out may be uniquely responsible for the problems identified.
In 2015, CSG approved a resolution to support the formation of an oil and coal investment committee. In 1978, The University of Michigan officially divested from South Africa and in 2000, the University of Michigan divested from the tobacco industry.
The resolution is now awaiting the signature or veto of CSG President Anushka Sarkar. Per the CSG Constitution, President Sarkar will have one week to make her decision. If signed, the language of AR 7-019 stipulates that a copy of this resolution will be sent to both the University of Michigan Board of Regents and the President’s Advisory Committee on Labor Standards and Human Rights.