Word: acsr
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Dates: during 1980-1989
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...supposing Harvard does, miraculously, follow the advice of the Advisory Committee on Shareholder Responsibility (ACSR) and divests. Would such an act change anything in South Africa? Did the gestures made by municipalities like Cambridge and Boston or by the University of Michigan change anything in South Africa? No, In fact, those who support divestment, if pressed, admit that Harvard, acting alone, cannot change anything in South Africa...
...Advisory Committee on Shareholder Responsibility (ACSR) submitted a report on the subject of Harvard's investments in American Corporations doing business in South Africa. The Harvard Corporation's Committee on Shareholder reply to the ACSR report, agreeing with some of its proposals and disagreeing with other. I will not repeal all that is said in that reply. But I will express some thoughts of my own on the subjects of divestment, since it represents the point of greatest disagreement in this community concerning the response of the University to the injustices of apartheid...
Last year, in a major report on University policy toward companies that do business in South Africa, the ACSR voted 6-5 with one abstention to recommend that Harvard sell all the stock it holds in companies that do any fraction of their work in South Africa. Failing unilateral divestiture, the ACSR urged the Corporation to strengthen its advocacy of the so-called Sullivan principles and make corporate adoption of the Tutu Resolutions prerequisites for continued University investment...
...CCSR is scheduled to discuss several issues that were not addressed in the report--all involving University policy on South Africa--at a joint meeting with the ACSR to be held Monday afternoon, Blumenfeld said...
Members of the ACSR contacted last night said they welcomed the openness of the report and hoped the information it contained would raise the level of debate within the Harvard community on questions of investment policy...