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Shareholder Activists Try New Tactic in Divestment Campaign

Date: March 6, 2008

Activists are bringing resolutions to shareholder meetings of mutual funds in a bid to widen pressure on companies doing business with the Sudanese government. This is the first time mutual funds, as opposed to simply the companies themselves, have been targeted by the divestment campaign.  The article notes for instance an interesting shift from a direct focus on companies and instead towards the funds which are the largest holders of these companies (i.e. Fidelity, American Funds and Vanguard have been the major mutual fund holders of PetroChina on the US stock exchange).

http://www.socialfunds.com/news/article.cgi/2478.html