UCR Response to Student Government Resolution on Divestment

UC Riverside

UC Riverside

UC Riverside Interim Chancellor Jane Close Conoley has issued a response to a vote of the student government:

UC Riverside’s student government, Associated Students of UCR, passed a resolution called “Divestment from Companies that Profit from Apartheid,” which calls for UCR to divest of any holdings with companies “materially supporting or profiting from Israel’s occupation” of Palestine.

It is important to note that such divestment is not the policy of the University of California system nor of UC Riverside.  Moreover, The UC Board of Regents requires this action only when the U.S. government deems it necessary. No such declaration has been made regarding Israel.

To quote a statement issued in May 2010 by the University of California Regents’ Chair and Vice Chair along with the UC President:

“The overarching question of the University of California divesting from any company is a complex one and any action considered must conform to State and federal laws, as well as to the University’s fiduciary responsibilities as a public entity to protect the security of its pension and endowment funds.  In 2005, the Regents stated that a policy of divestment from a foreign government shall be adopted by the University only when the United States government declares that  a foreign regime is committing acts of genocide. It was also noted at the time that divestment is a serious decision that should be rarely pursued.”

The campus looks forward to continued constructive exchanges that benefit our students, faculty and community.

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