A grassroots campaign aimed at getting investors to pull money out of war-torn Sudan is now targeting the Los Angeles City Employee Retirement System, also known as Lacers.A grassroots campaign aimed at getting investors to pull money out of war-torn Sudan is now targeting the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. City Employee Retirement System, also known as Lacers. Representatives from Jewish World Watch The Jewish World Watch is an NGO based out of Southern California, a coalition of synagogues and Jewish groups with the objective of educating, advocating, and donating in order to combat genocide and other human rights violations all over the world. and the student-led Sudan Divestment Task Force met last week in an effort to convince the Lacers corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. committee to divest itself from companies with ties to Sudan. So far this year, the UC Board of Regents An independent governing body that oversees a state's public Colleges and Universities. All 50 states have governing bodies that oversee the administration of public education. and the California State Teachers' Retirement System have both voted to divest of their Sudan holdings. The $208 billion California Public Employees' Retirement System has identified $1.5 billion in Sudan-linked holdings, but has not yet made a decision to unload them. Los Angles attorney Janice KamenirReznik, who is president of Jewish World Watch, said it was unusual for a Jewish group to commit to a divestment campaign because some campaigns have targeted Israel. "We decided in this case it would actually be an act of cowardice not to support divestment," she said, adding that the Los Angeles City Council Staff reporter Kate Berry can be reached at (323) 549-5225, ext. 228, or at kberry@labusinessjournal.com. |
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