Word: acsr
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Dates: during 1980-1989
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...That's the issue that will be the big issue over the next couple of years," says Professor of Law Lance M. Liebman, who heads the Advisory Committee on Shareholder Responsibility (ACSR...
...story appearing in Tuesday's Crimson incorrectly stated the position of the Advisory Committee on Shareholder Responsibilty (ACSR) on University holdings in tobacco companies, including RJR-Nabisco. The ACSR requested that the Corporation write letters to RJR-Nabisco and Philip Morris asking the companies to explain their marketing techniques in developing nations. The Corporation sent these letters in August. The ACSR will make no further recommendation until Harvard receives replies to these requests...
...CCSR oversees the voting of Harvard's shares in shareholder resolutions. It considers the recommendations of the Advisory Committee on Shareholder Responsibilty (ACSR), which reviews ethical questions in shareholder resolutions and occasionally proposes new investment policy. The CCSR followed the ACSR's advice on more than 90 percent of this year's 110 proxy votes...
Four years ago the ACSR voted to recommend that Harvard divest from all South Africa-related stocks but this year's ACSR reversed this position and supported the University's policy of selective divestment...
...absence of any sense of responsibility in the tobacco companies prompted the Advisory Committee on Shareholder Responsibility (ACSR), a panel of faculty, students and administrators which advises the Corporation on ethical investing, to recommend to the CCSR that Harvard divest from these companies. Ironically, the ACSR also once recommended that Harvard divest from its holdings in South African-related companies. This was advice which the University, which retains about $200 million in such stock, has largely disregarded-much to its discredit...