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Tue, 11/30/2010 - 13:00 | by admin
November 30, 2010
Domini Testifies in Congress on What Investors Can Do About Genocide
Two years after addressing the Congressional Human Rights Caucus on the Genocide in Darfur, Domini Managing Director and General Counsel Adam Kanzer testified before the House Committee on Financial Services' subcommittee on International Monetary Policy and Trade on what investors and regulators can do about genocide and other human rights abuses.
In his statement, Adam Kanzer said, "In discussions about the Sudan Accountability and Divestment Act, emphasis has been placed on the word 'divestment.' I would encourage you, however, to focus on the word 'accountability.' Investors cannot hold companies accountable without data. I would therefore like to focus today on the need for mandatory corporate human rights disclosure.
"We strongly endorse the GAO's [Government Accountability Office] recommendation that the SEC require companies 'to disclose their business operations related to Sudan' and encourage Congress to take the recommendation a few steps further."
View a webcast of the testimony (select "Archived Webcast" in the middle of the page).
Read Domini's 2008 testimony to the Congressional Human Rights Caucus.