Word: acsr
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Dates: during 1970-1979
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...Corporation's committee on shareholder responsibility voted three to one to cast its $10 million worth of shares in favor of the United Methodist Church-sponsored resolution, which the student-faculty-alumni Advisory Committee on Shareholder Responsibility (ACSR) endorsed last week...
...Corporation committee's reasoning was "substantially" the same as the ACSR's, according to Stephen B. Farber '63, special assistant to President Bok and the Administration's liaison with both groups...
...full 15-member ACSR--five Faculty, five students, five alumni--does not seem as inclined to recommend similar policies. And even if it did, the ACSR's advisory nature does not insure that Bok would accept its recommendation...
...open hearing of the ACSR this week, one other problem became apparent. Only four ACSR members appeared, hardly a strong showing for a meeting to consider the ACSR's position on 12 proxy questions, but not surprising...
Still, the no-show of most Faculty and alumni members indicates the ACSR's real lack of power. Although 12 of the companies in which Harvard owns stocks will face proxy fights in the next few months, no one at the open hearing offered a position on the upcoming battles. Instead, the meeting degenerated into a forum for the New American Movement, which had come to talk about Harvard's Vietnamese investments...