Word: acsr
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Dates: during 1970-1979
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...when Campaign GM was one of the hottest issues among students, Harvard has taken a leading--if somewhat dispassionate--role among major institutional investors attempting to ensure that the companies in which they invest display socially responsible behavior. In 1972, President Bok established an Advisory Committee on Shareholder Responsibility (ACSR) to make recommendations to a subcommittee of the Harvard Corporation on how to vote Harvard's stock at annual meetings of its portfolio companies...
...ACSR is made up of student, faculty, administration and alumni members and, since its inception, has recommended that Harvard vote in favor of a number of shareholder resolutions calling upon major corporations to improve their "social behavior" in many different areas--strip mining, pollution, equal employment, foreign involvement, military production...
...would be nice if the CHUL were the only student committee that dealt with all undergraduates, but it isn't. There is also a Committee on Undergraduate Education (CUE), an Advisory Committee on Shareholder Responsibility (ACSR), and a Committee on Rights and Responsibilities (CRR). As its name indicates, the CUE deals with problems concerning undergraduate education. The ACSR makes recommendations on how Harvard should vote in the corporations in which it owns stock, and also on how Harvard should invest its money. The CRR was designed to be a sort of "honor court" in which students who had violated some...
...ACSR came out for broader public disclosure of corporations' equal employment hiring trends, political contributions and environmental impact of corporate activities, advising the SEC that such measures were necessary to insure shareholders' "knowledge...
Still, behind the committee's opinion was a liberal hope--stated by some members--that broader disclosure rules would shame many corporations into making internal reforms. The Corporation Subcommittee on Shareholder Responsibility endorsed the ACSR's letter...