Word: acsr
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Dates: during 1970-1979
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...ACSR progress report on its case-by-case review in February reinforced skepticism over the committee's effectiveness. The committee noted the difficulty of collecting information on corporate practices...
...ACSR recommended that the Corporation send "forcefully worded" statements to recalcitrant companies rather than divest from these firmsas the April 1978 Corporation report indicated...
...knows that it's playing a winning game. The Corporation did not even discuss the South Africa issue during the summer and, according to Daniel Steiner '54, general counsel to the University, President Bok may issue more open letters if "topics come up of widespread interest." In addition, the ACSR will continue inconclusive and seemingly endless review of corporate practices in South Africa...
...University has left the deliberations over whether, for example, the Corporation should invest in companies operating in South Africa to the Advisory Committee on Shareholder Responsibility (ACSR...
...line, especially as an investor using Harvard's power through shareholder resolutions, has marred the committee's image among students. The Corporation assigned the committee the task of a case-by-case review of corporate practices in South Africa and of recommending possible shifts in the portfolio. The ACSR could have taken on the role of independent critic, but it has rarely dissented from past Corporation policies. Its reports indicated that instead of fighting to alter corporate practices by sponsoring shareholder resolutions, it would stand by and wait for other investors to take the initiative...