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Haliburton Co. shareholders will vote to two human rights resolutions Wednesday; rape bribery schemes continue to dog firm
 
May 21, 2008


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HOUSTON, TX - Halliburton Company shareholders - with the firm facing bribery charges worldwide - will vote on two shareholder-authored proposals Wednesday that address the corporation's mishandling of human rights questions, including the rape of one of its employees in Iraq.

 

Harrington Investments CEO, John Harrington, will present a proposal to amend the corporate bylaws by creating a board-level committee on human rights.  The Sisters of Charity of the Blessed Virgin Mary will present a proposal for the company to review its human rights policies and report what additional policies are required.

 

"Halliburton's management is clearly not taking these issues seriously enough.  The board of directors is accountable to shareholders, but only if we assert ourselves as the real owners of the company. Shareholders don't like being associated with atrocities." said Harrington.

 

The company's shamefully inept response to high profile rape cases involving its contractors in Iraq has dramatically eroded its public image and employee morale, said Harrington, adding that:  "Rape is inexcusable and rather than engagingly in legal maneuvering, Halliburton's directors need to engage the issue in a comprehensive and systemic way."

 

Halliburton operates in a litany of countries designated as "not free" in a 2007 report by Freedom House, an independent group that evaluates nations' human rights records, including Algeria, Angola, Egypt, Kazakhstan, Libya, Oman, People's Republic of China, Qatar, Russia, Saudi Arabia, Thailand and United Arab Emirates, Azerbaijan, Brunei, Pakistan, Tunisia and Vietnam.

 

Bribery, although not a direct human rights issue, is closely associated by the World Bank to human rights failings - such as in Nigeria, which has one of the world's worst human rights records.

 

Halliburton has admitted the SEC is conducting a formal investigation into whether improper payments were made to Nigerian government officials through the use of agents or subcontractors in the construction and expansion of a multibillion dollar natural gas liquefaction complex at Bonny Is-land in Rivers State, Nigeria. The US Dept. of Justice is also conducting a related criminal probe.

 

The SEC also has issued subpoenas seeking information from Halliburton and former subsidiary KBR about current and former agents used in connected to multiple projects in which the Halliburton energy services business, KBR or affiliates participated the past 20 years, both in and outside of Nigeria.

 

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