Word: acsr
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Dates: during 1970-1979
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...doing, the committee accepted the first recommendation of the Advisory Committee on Shareholder Responsibility (ACSR), the 15-member student-Faculty-alumni group President Bok set up last Fall to advise the Corporation. The ACSR didn't rest on its laurels, however, and by Thursday evening the Corporation committee had a new set of recommendations to mull over...
...student ACSR--the elected group of undergraduates which picked the two undergraduate delegates to the full ACSR--recommended Wednesday that the Corporation must either vote for shareholder resolutions to have the Phillips Petroleum and Continental Oil Companies withdraw completely from Namibia, the the south-west African territory South Africa rules in defiance of the World Court, or else "tacitly condone illegal and immoral corporate activity...
...ACSR approved in full the shareholders' proposal sponsored by several U.S. churches to amend Phillips Petroleum's certificate of incorporation to prohibit any activity in Southwest Africa...
...ACSR condemned South African racism in uncompromising terms last week and questioned Caterpillar Tractor's "sensitivity and concern...
...Corporation committee will have to make its next decision by April 24, when the Eastman Kodak and Phillips Petroleum Companies hold their shareholder meetings. These companies--which the ACSR will discuss today--also have holdings in southern Africa...