Word: acsr
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Dates: during 1970-1979
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...Advisory Committee on Shareholder Responsibility (ACSR), composed of Faculty members and one student, voted by a substantial margin on Wednesday to advise the corporation to support the resolution...
Whether Mobil is representing the South African government's position accurately has proved to be the point of contention between the ACSR and the Corporation...
...while the decision of the University's Advisory Committee on Shareholder Responsibility to recommend that Harvard support the withdrawal deserves praise, it is unfortunate that the ACSR has not developed real leverage with the Corporation, which makes the final decision. Had the ACSR made the reasons for its recommendation easily available to its constituency within the Harvard community--rather than continuing its policy of withholding official statements explaining the recommendations it gives the Corporation from the community until weeks after the Corporation votes on shareholder resolutions--the committee might have had enough support behind it to persuade the Corporation...
Putnam accepted ACSR's recommendation, deciding that Harvard will support the resolution requiring Union Crbide not to expand its South African operations...
...broke with the ACSR on one resolution. Although student-faculty-alumni group voted in favor of forcing General Electric to withdraw totally from South Africa-one ACSR member this week cited the committee's belief that G.E. has shown a "complete lack of interest in the fate of the black South African worker"-Putnam decided Harvard will abstain on the resolution...