Word: acsr
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Dates: during 1970-1979
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...ACSR makes extensive use of the advocates' documents and other non-IRRC sources, both Farber and several members of the ACSR...
Harvard finally modeled its own ACSR on similar committees founded as early as 1971 at several other colleges. Since other institutions found the committees "useful and productive," Harvard created the ACSR to obtain the community's views on shareholder issues, says Stephen B. Farber '63, special assistant to President Bok. Farber is Bok's liason to the ACSR and the Corporation Committee on Shareholder Responsibility...
...creation of the ACSR reflected the Administration's belief that more pressure can be exerted by "responsible" shareholders than by institutions selling all their stock at once in a particular company...
...ACSR is left, then, without any definitive statement of its own responsibilities. Acting responsibly, for now, has simply come to mean giving careful consideration to proxies which other shareholders have submitted...
What evidence is there that the ACSR will adopt an increasingly more important and progressive role? To start, optimists may point to the committee's votes on Caterpillar Tractor and Phillips Petroleum proxies. The ACSR was unanimous in endorsing a request for Caterpillar's disclosure of data regarding South African operations, and in opposing Phillips's exploration for oil off Namibia's coast...