Word: acsr
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Dates: during 1980-1989
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Members of the Advisory Committee on Shareholder Responsibility's (ACSR) subcommittee on South Africa will meet with an executive vice president of Citibank in two weeks to discuss details of the bank's $250-million loan to the South African government last year...
Since January, the subcommittee has been reviewing past decisions by the ACSR and the Corporation concerning South Africa--including the sale of the Citibank investments--and is preparing recommendations on this year's round of shareholder resolutions, Heimert said...
Richard H. Rosen, an alumnus member of the ACSR and the South Africa subcommittee said yesterday that although no concrete suggestions for reviewing Harvard's current investment policy have been made, "it is fair to say that a reexamination of Harvard's policy is in some people's minds...
Ascherman added that he hopes the event will educate some of the interested members of the University community who "need to be better informed on the issues prior to the ACSR forum...
Viewed in this light, ACSR Secretary Larry Stevens' assertion that the Citibank divestiture was kept secret to avoid a conflict of interest is truly laughable. It would be simple enough to avoid a conflict of interest for ACSR members by publicizing the sale only after it was completed. He knows this as well as anybody, and I feel rather sorry for him for being the one who has to spout the administration line on this. Not only Larry Stevens' dignity but the cause of "reasoned debate" which Derek Bok champions so loudly would be much better served if Harvard admitted...