New York (PRWEB) February 23, 2006
InstitutionalInvestor.com announces a two part series investigating the Sudan crisis and legislation requiring divestment from companies engaged in Sudan. Last year Illinois became the first state to pass such legislation. The ensuing fallout exposed a disconnect between politicians who sponsored the bill and the managers charged with its implementation. InstitutionalInvestor.com details the effects this precedent may have on upcoming legislation throughout the country..
Illinois State representative Shane Cultra explains, “I don’t think anyone studied how the pensions would be affected or really consulted with the managers. You can’t pass legislation like this on the spur of the moment. These actions needed to be undertaken in a more methodical way. No one seriously asked if now was a good time to divest.”
The article gives an in-depth look at the complications and challenges surrounding the legislation. For the story, visit http://www.institutionalinvestor.com. The full article is available to journalists upon request.
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