The University of California is world renowned for its excellence and leadership. Its faculty, students, staff and alumni are considered among the top in their fields and are respected across disciplines. Its Regents and administrators represent the pinnacle in California’s civic culture. Unfortunately, the high standards the University applies in its research to address the great problems facing society, are not used in its investments.
In 2008, the UC voted against 47 proxy resolutions that would have, among other things:
– prevented discrimination on the basis of sexual orientation.
– upheld human rights around the world.
– moved our country towards energy independence.As the recent financial crisis demonstrated, all too clearly, without proper measures of accountability, financial markets tend to pursue short-term profits at the expense of long-term social benefit. Without proper measures of accountability, shareowners abdicate their roles in corporate governance. Corporate managers are empowered to enrich themselves at the expense of shareowners and society at large. These proxy votes are in contravention of the University’s own stated policy “to review on a case-by-case basis” these types of issues and do not protect the interests of the faculty, staff and students. Instead of voting with conscience for intelligent corporate policies, these votes represent a lack of integrity and accountability.
- Help us reach 10,000 signatures by signing our petition to Urge the UC to Invest Responsibly
- You can view this petition at: http://www.thepetitionsite.com/tell-a-friend/6604285
- Join us at the UC Regents Committee on Investments Meeting to advocate for the adoption of Responsible Investment practices, February 23rd at 1:30pm at one of the the following locations: