Word: acsr
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Dates: during 1970-1979
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Last year the ACSR did not initiate any shareholder resolutions, putting off the question until this year. This year it will not be possible to initiate any because we started meeting so late. The reason given was that not all the members had been selected. That explanation seems weak to me. Why wasn't the selection process begun earlier...
Events happen very slowly within the ACSR, due to a number of reasons. It is hard to compare companies' performance in South Africa if the companies haven't been asked to supply the relevant information. The Harvard-IRRC questionnaire was sent only to companies with large investments in South Africa. Hence it is not possible to judge a significant number of corporations...
...effects of this information bias are serious. After discussing the issue of South Africa for two months, my predecessor on the ACSR was not aware that there is massive starvation among South African blacks. Some current committee members are unaware of the key role Bantustans play in the apartheid system. Some altered perceptions of the problem are bound to influence decisions...
...progress has not even met my meager expectations. Half of the committee has studied, though not evaluated according to plan, three corporations. That's as far as we have gotten. A unified treatment is necessary for this reason and others which I listed in Appendix C of the last ACSR report...
...some issues the ACSR has regressed, when compared to the position it took last year. With regard to corporations, last year's ACSR decided that a company had to prove why it should stay in South Africa. Few of the petitioned companies provided the information Harvard requested. Instead of taking action against so many companies, the trend within the ACSR has been to justify their continued presence. For instance, even though IBM distorted its employment data, failed to provide important information, and attempts to sell computers to the South African Department of Defense, the feeling was that we not take...