Word: acsr
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Dates: during 1980-1989
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...Undergraduate Council is likely to withdraw the undergraduate representative to the Advisory Committee on Shareholder Responsibility (ACSR) next week because President Derek C. Bok has refused to reform the advisory group...
...council's report on the ACSR primarily called on Bok to relinquish veto power over representatives selected to the ACSR and to make the body more democratic and accountable to the members' constituencies through elections. Currently, widely varying bodies either elect or appoint alumni, student and faculty representatives, and faculty and alumni appointments are subject to Bok's approval...
...Faculty of Arts and Sciences in 1982 granted the council the duty of appointing the undergraduate representative to the ACSR, which makes non-binding recommendations to the seven-man governing Corporation on ethical issues surrounding the investment of Harvard's $2.5 billion endowment...
...devoted most of his most recent response to the issue of selecting ACSR members, writing that he does not play an active role in selecting members, even though he reserves the right to overrule any appointments made to the group. Bok wrote, "I trust that [my] actions are in accordance with the spirit, if not the letter, of the Undergraduate Council report...
...also said he favored the ACSR's present structure, and did not, on the whole, intend to adopt the council's recommendation of requiring elections to make the members accountable to the contituencies from which they are chosen...