Word: acsr
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Dates: during 1980-1989
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...believe that companies seeking to expandsales in the third world should...tellstockholders their reasons" for not using healthwarnings, the ACSR said in a May memo...
...Harvard, which refuses to own stock in some companies because it does not wish to be associated with particular economic activities (gambling; prostitution), should seriously consider placing the production and sale of cigarettes in that category," according to an internal memo written by the Advisory Committee on Shareholder Responsibility (ACSR). The ACSR is a panel of faculty, students and administrators which advises the Corporation on ethical investing...
...ACSR raised the possibility of divestmentafter a shareholder-sponsored resolution thisspring called for the two companies to report ontheir advertising and promotion campaigns indeveloping nations. The proxy fight, which wassponsored by an activist Jesuit order inMilwaukee, was not targeted against the companies'domestic business...
...ACSR said it is concerned about highprofile advertising campaigns in overseas nationsthat do not require health warnings on cigarettes.The dangers of smoking, which have been widelypublicized by the U.S. Surgeon General, are lesswell known in developing countries...
Leibman said that this year, the ACSR will focus on how the University should respond to "new developments" in South Africa--including press restrictions and military crackdowns--as well as Reverend Sullivan's repudiation of the principles that bear his name...