Page 6-Friday, March 17, 1978-The Michigan Daily Regents (Continued from Page 1) The report approved by the Regents also gives them power to appoint an ad- visory committee of faculty represen- tatives, students, administrators, and alumni to gather information about any issue that "involves serious moral or ethical (investment) questions which are of concern to many members of the University community." There is no indication of the process of selection for the,advisory committee members. vote to University President Robben Fleming at the start of the meeting told. the group that the Regents had asked him to respond to charges of conflict of interest that have been levelled at the public officials. "NO REGENT has any conflict of in- terest as defined by the laws of the state of Michigan," Fleming said. "No Regent is a director or an officer of a corporation whose stock is involved in this matter (South Africa)," he con- tinued. All 18 members of the University community who addressed the Regents for ten minutes each advocated the University take immediate steps to sell all of its $80.5 million worth of stocks and bonds involved in South Africa because- of the system of racial discrimination in that country-apar- theid. "The University of Michigan is an educational institution that teaches both in the classroom and through its investment policy," said Anne Marie Coleman, a campus minister and co- director of Guild House. Coleman said that since "apartheid is the worst of human culture" a decision other than keep Soi total divestment would 'deny what the University teaches in the classroom." GEOGRAPHY PROF. Thomas Det- wyler asked, "How might divestiture affect the flow of monetary gifts to the University?" He said of the 326 benefactors who have each given the University at least $10010 over the last decade, the University holds stocks and bonds in 29 of them. Divestiture might be seen "perhaps as a slap on the hand reaching out for gifts," Detwyler said. Several speakers drew parallels bet- ween the apartheid regime of South African President John Vorster and the discrimination of the past against American blacks and also with the racist policy of Nazi Germany. "There is a neo-Nazi regime in South Africa today," said William Hawkins, a graduate student in Mathematics. "If the Regents decide not to divest, they will look back on that decision with a great deal of shame." SEVERAL speakers emphasized the leadership role of the University. "The name of the University of Michigan goes before you and echoes around the world," said Leonard Suransky, a uth African South African. graduate student in Education. "Always the term education. ' is linked to morality . . . we are not x going to change South African policy by : politicking with our stocks." h . Regent Roach replied that change, could be initiated by American institu- tins. If U.S. corporations were forced to