Word: abstentionism
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The abstention goes against last month's recommendation by the Advisory Committee on Shareholder Responsibility (ACSR) to support the resolution which asks AT&T to appoint a committee to examine the "moral, social, economic and national security implications" of the company's operation of the Sandia National Laboratories in three...
However, even if the opponents of the constitution had been fully aware of the turnout requirement, it is unclear what they would or should have done. Now that the vote is counted, it looks as if abstention would have been a better strategy. But that is only known after the...
The Corporation's abstention on a measure at Dow Chemical Company that would have ended the firm's continued production of ingredients of the disputed "agent orange" also "caused strain" between ACSR and Corporation members because the ACSR approved the measure unanimously, Waldman said. However, he added that the issue...
At Mobil, Corporation members claim that, although they agree in principle with the ACSR's recommendation in favor of the resolution to stop the company's sales to the South African military and police, it is too far-reaching and its wording did not effectively carry out its professed intent...
The ACSR recommended the abstention because it did not have time to call a meeting to discuss the proposal, which was identical to one it approved two weeks ago at IBM.