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Darfur proxy statements

Shareholder resolutions with financial firms regarding oil companies & Darfur - companies' responses

April 2008

A coalition of investors filed shareholder resolutions with major banks and financial firms in 2008, seeking to "push the firms to use their investment relationships with Chinese, Indian and Malaysian oil companies to press the government of Sudan to end atrocities in Darfur."  (See 8 April 2008 press release)  The coalition included Amnesty International USA, Walden Asset Management, Trillium Asset Management, Genocide Intervention Network, Calvert Group, Amnesty International Switzerland, Interfaith Center on Corporate Responsibility, Sudan Divestment UK, Unitarian Universalist Association of Congregations and other socially-responsible and faith-based investors.  As of 8 April 2008, resolutions had been filed and not withdrawn with Citigroup, JPMorgan Chase and Wells Fargo. 

The companies responded to the proposed resolutions in their proxy statements:

[PDF] Citigroup - see Proposal 10, p. 91 of PDF, page no. 88 of proxy statement

[PDF] JPMorgan Chase - see Proposal 10, p. 41 of PDF, page no. 37 of proxy statement

[PDF] Wells Fargo - see Item 8, p. 109 of PDF, page no. 103 of proxy statement