MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, May 29, 2007 Divesting for Darfur May Be About To Get Easier New legislation making its way through Congress seeks to to ease the burden of fund companies that choose to divest from Sudan and Iran.The Boston Globe reports that the bills would immunize these institutions from claims that they would be violating their fiduciary responsibilities by selling stocks in certain energy companies for moral reasons. A likely consequence of the passage of these bills is an increase in pitch of the activists' calls for divestiture as there would be even less of a downside to doing it. The bills are scheduled for vote sometime next month. Printed from: MFWire.com/story.asp?s=14540 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |