In front of The Boeing Company building, Peace Activists from the Antiwar Committee-Chicago, stock holders in The Boeing Company, announced that on February 5th, 2016, the Securities and Exchange Commission had overruled Boeing's Board of Directors in their favor.
The Board of Directors had rejected their request that a resolution be presented at the next annual meeting. The resolution, if approved by other share holders, requires Boeing to provide information about weapons sales to Israel. The request was made in light of the world wide Boycott, Divest and Sanction Movement (BDS) targeting Israel for its war crimes and it's Occupation of Palestine; the Boeing Company has become a target for divestment due to its military and related sales to Israel.
Shareholders would benefit from knowledge of the full scope of the sales in order to better assess the potential effect it could have on their investment. The Securities and Exchange Commission ordered Boeing's directors to allow the proposal be presented at this years annual meeting.
Antiwar Committee-Chicago
The core text of the âShareholder Proposal on Arms Sales to Israelâ states
RESOLVED: Shareholders request that, within six months of the annual meeting, the Board of Directors provide a comprehensive report, at reasonable cost and omitting proprietary and classified information, of Boeingâs sales of weapons related products and services to Israel.
We believe it is reasonable that the report include: 1. Processes used to determine and promote sales to Israel. 2. Procedures used to negotiate arms sales to Israel, government-to-government and direct commercial sales and the percentage of sales for each category. 3. Disclosure of sales and other arrangements with local security forces. 4. Categories of military equipment or components with as much statistical information as permissible such as contracts for servicing/maintaining equipment. 5. Detailed risk analysis surrounding business relations with countries, like Israel, that have been accused of violating Geneva and Hague conventions and international human rights law.
In light of the flight of investment from Israel, the worrisome prospects of growth, including maintaining partnerships with higher education institutions, for a company that is at the center of Israelâs controversial wars, contributing to the deaths of thousands of civilians and children; and the overall moral and ethical questions raised by selling weapons that contribute directly to illegal occupation, apartheid, and human rights violations, we urge you to vote for this proposal.
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