Word: acsr
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Dates: during 1980-1989
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...advise it on how to vote shareholder petitions, the Corporation, in 1972 created the Advisory Committee on Shareholder Responsibility (ACSR), a 12-member group composed in equal parts of alumni, students and faculty. The ACSR's recommendations are advisory to a subcommittee of the Corporation itself, the four-member Corporation Committee on Shareholder Responsibility (CCSR). The body makes a final review of all proxy votes and makes recommended as to the full seven-man governing body...
...from company spokesmen. Because the University publishes a full list of its investment holdings only once a year, figures for Harvard's holdings in each company are as of the June 30m 1984 tabulation. Each company listed was still in the Harvard portfolio as of February, according to the ACSR...
...list is not necessarily complete, because Harvard may sell its stock in these companies or the petitions may not appear on the proxy. In addition, the schedule for ACSR and Corporation review of these proxy issues could not be determined...
...ACSR might also restrict itself to only making recommendations to the Corporation on how the University should move on individual proxy votes, Sherwin said. Proxy votes--the majority of which take place in the Spring--provide shareholders with a way of determining corporate policy...
...ACSR has also not concluded whether it will reconsider or vote again on the group's recommendation last Spring to divest of companies in South Africa...