Word: acsr
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Dates: during 1980-1989
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...final formal meeting of the year, the Advisory Committee on Shareholder Responsibility (ACSR) last night voted to recommend that the Croporation send a letter to the Xerox Corporation urging the company to halt its South African subsidiary's sales to the military and police...
...considering a church-sponsored shareholder resolution at Xerox. ACSR members unanimously voted against Xerox's sales to the South African military and police. But the committee voted separately on a more far reaching clause of the resolution that indirectly calls for the eventual, complete withdrawal of Xerox from South Africa. Lawrence F. Stevens '65, secretary to the ACSR and assistant general counsel to the University, said last night...
...voted for and five voted to abstain on the second part of the proposal, Stevens said, adding that if the Corporation drafts the letter according to the ACSR's recommendation the document would explain the inconclusive, two-part vote...
Although the Corporation must arrive at a consensus and submit only one vote on the resolution, the letter proposed by the ACSR would convey the committee's unanimous opposition to Xerox's sales to the South African military and police and their divided opinions on long-term and complete withdrawal from the South African market...
However, after this week's rash of abstentions, Kenneth Propp, a second-year Law student and the ACSR's Law School representative, said. "It's unlikely that the Corporation will respond positively to further study in these areas by the ACSR--students should draw their own conclusions from that...