Word: acsr
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Dates: during 1970-1979
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...Advisory Committee on Shareholder Responsibility (ACSR) recommended this week that the Harvard Corporation abstain from voting on shareholder resolutions that would force corporations to reveal whether they comply with the Arab nations' economic boycott of Israel...
However, the ACSR did recommend that the Corporation notify companies that have been presented with disclosure resolutions that Harvard is "strongly opposed" to compliance with the Arab boycott...
...Corporation Committee on Shareholder Responsibility has followed these recommendations frequently and they have almost never voted against a proposal the ACSR favored (usually the Corporation has abstained from voting, rather than opposed the ACSR...
Harvard's ACSR has in the past discussed some of the issues involved in management proposals with experts from the Harvard Law and Business Schools. But Stanley Surrey, Smith Professor of Law and Donald F. Turner, professor of Law--the former and present chairmen of the ACSR--and George Putnam, Harvard treasurer, all say that the committeee has neither the financial expertise nor the time to develop guidelines upon which Harvard can judge the management proposals...
...money management group established in 1974, now votes all of Harvard's stock--if it does not receive instructions from the Corporation, it must decide how to vote. During its first proxy season, the company voted along with management's recommendations on most issues not taken up by the ACSR and the Corporation...