Word: acsr
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Dates: during 1980-1989
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energized its "commitment" to investigating its ties to South Africa by initiating the case-by-case review system. Under this method, the ACSR systematically researches and reports on the practices of companies--but does so only on the recommendation of another shareholder...
Protest subsided. In theory, this was a step toward divestiture, but last year the Corporation voted against the ACSR's suggestions to sell stock in certain companies. In one key vote, the Corporation ignored the ACSR's advice because the ACSR had radically changed its position. The ACSR argued that its change of heart stemmed from new, condemning information. But for the Corporation, that was not enough...
...issue became the ACSR's credibility. Stevens says that the ACSR's decisions are inconsistent--and perhaps invalid--because almost half the committee turns over every year. But the Corporation craves consistency--so Stevens spent the summer planning how the ACSR can investigate each company more thoroughly so its decisions become more consistent...
...University, decide what's going to be built where and who will build it and why--has a committee that advises it on investments now. It's called the Advisory Committee on Shareholder Responsibility and the key word there is not responsibility but advisory. Because as the ACSR, which includes students among its members, has turned increasingly liberal, the Corporation has shied away from those suggestions and remained conservative. Not much has really changed from four years ago, when a spring night brought 3500 undergraduates into the streets of Cambridge with candles and placards and shouts that Harvard should sell...
...Corporation recently reiterated its position when it abstained on two more, ACSR-endorsed resolutions--one called on the owner of the firm that dumped toxic wastes in the Love Canal neighborhood, to establish a policy on toxic waste disposal; the other asked the Atlantic Richfield Company not to expand its operations in Chile. see Section...