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| Divestment of Portfolio Companies Operating in Sudan |
| Bill #: AB 2941 |
Author: Koretz |
| Version: Chaptered 9/25/2006 |
Sponsor: Sacramento Committee on Conscience (Co-Sponsor),
Sudan Divestment Task Force (Co-Sponsor) |
| Location: Chapter 442, Statutes of 2006 |
Board Position: Support, if amended |
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Bill Text/Status |
| Summary:
Prohibits CalSTRS and CalPERS from investing in companies with business operations
in Sudan that meet specified criteria, and establishes procedures for identifying,
engaging and divesting from such companies. Indemnifies from the General Fund all past,
present, future board members, officers, employees and investment managers from liability
sustained by reason of any decision not to invest in companies with business operations in Sudan. |
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