Word: acsr
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Dates: during 1970-1979
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...greatest disappointment was the Advisory Committee on Shareholder Responsibility, in structure the most democratic of the regular University committees. Though University employees without Corporation appointments have no representation on the ACSR, the attempt to bring alumni, faculty, students, and the Corporation together had created a slim hope of influencing Harvard's investment policy toward increased social responsibility...
...fact, the narrow definition of the ACSR's role and President Bok's reluctance to meet with concerned students on investment issues after the ACSR's inception confirm original student suspicions: The committee was intended chiefly as a means of defusing protest without effectively bringing outside input to bear on Harvard's investment rationale. The ACSR's abstention on a proxy resolution concerning Exxon's proposed role in Angola especially demonstrated its ineffectiveness for thoroughly considering the moral and political questions surrounding socially responsible investment...
Joel Motley '74 is a major in American History and Literature and chairman of the Student Advisory Committee of the ACSR...
...South House Committee boycotted the elections, charging that the ACSR had been granted no real power and would therefore serve principally to disguise and legitimate an undemocratic process. As the South House Committee predicted, power remained in the hands of the Corporation's subcommittee, whose members come not from any of the ACSR's or the University's subcommittees but from the same world of high finance they are supposed to pass judgment on: in at least one case this Spring, a subcommittee member had to disqualify himself from voting on a resolution directed at a company of which...
This doesn't mean that the subcommittee feels free to disregard the ACSR entirely. The most it has done this Spring is to move one notch from the ACSR's recommendations--abstaining on some resolutions the ACSR endorsed, and opposing some resolutions the ACSR urged abstention on. Bennett, who flatly opposed most of the resolutions, has suggested that some of his colleagues are sometimes less than sincere in taking stands that agree with the ACSR's. It seems likelier that his colleagues' concern that protest be effectively institutionalized through the ACSR--and perhaps their fear of militant actions like Mass...