Word: acsr
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Hugh Calkins '45, chairman of the Corporation's Committee on Shareholder Responsibility, says the Corporation is concerned that the sudden shift in the ACSR's votes may saddle Harvard a reputation of inconsistency in the corporate world. The Corporation, therefore, will spend the summer "outlining ways that Harvard can maintain a consistent policy towards its investments from year to year so we stay away from the rapid shifts in opinion of the ACSR," Calkins says. One such means, he notes, would be a base to monitor corporate practices in South Africa, which Harvard is currently discussing with the Carnegie Foundation...
...ACSR continues to recommend action, however, the Corporation will be hard pressed to maintain its passive policies. The days of reacting to the cries of disenchanted students and other shareholders are dwindling. The new activism of the ACSR shows that the controversy over Harvard's South Africa related investments is now institutionalized, virtually built into the Corporation's administrative process. Although most analysts label the ACSR's recommendations "moderate," the committee's new activism shows that the movement of the Corporation's administrative gears will bring the controversy to the attention of the Corporation as readily as zealous student opposition...
Despite the assertion of Detlev F. Vagts '49, chairman of the ACSR, that the group's more progressive decisions represent a new position demanding greater efforts from corporations to insure that their activities do not bolster the racist regime in South Africa, the Corporation's hard line remains unchanged...
Once the adversary of students opposed to Harvard's investments in firms doing business in South Africa, the Advisory Committee on Shareholder Responsibility (ACSR), the Corporation's research body, did an about face this past spring and voted to support several progressive, though moderate resolutions...
Only 150 protesters gathered in front of the Corporation building in April to protest the Corporation's decision to abstain on two resolutions which the ACSR had supported--one that would prohibit IBM from selling computers to the South African government and another that would set up a committee to review Caterpillar Tractor sales to the South African military...