Word: acsr
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Dates: during 1980-1989
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Harvard's Advisory Committee on Shareholder Responsibility (ACSR) yesterday announced a date, time and location for its open hearing on the University's South African investments...
...second point about last spring is that the ACSR did vote for divestiture from companies that do not abide by the Sullivan Principles, a minimal code of ethics for firms doing business in South Africa. According to ACSR representative Claude Convisser '84, the vote was 12-0, not 10-2 as reported in the Gazette. Still, Harvard did not divest from companies that have not signed the cosmetic Sullivan Principles, so that even if the ACSR were to gain agreement on the more significant issue of total divestiture it is unlikely that this would work to make the Corporation divest...
Indeed, Bok's intransigence is the reason that the ACSR had to even vote on the Sullivan Principles. By March 24, 1978, a few months after Reverend Sullivan formulated his code of "ethics" for business in South Africa, the ACSR had already recommended Harvard's enforcement of the Sullivan Principles. On page seven of his open letter of April 1978, Derek Bok said the Harvard Corporation would uphold the Sullivan Principles as recommended by the ACSR. The reason that the ACSR had to make that same recommendation again in 1983 is that Derek Bok had lied. The Harvard Corporation never...
Briefly, the role of the ACSR delegate is to be appointed by the Corporation; to engage in secret meetings; to vote for the first time on total divestiture in 1983; to be deadlocked; to be manipulated by Derek Bok; and to make recommendations concerning the Sullivan Principles--recommendations ignored by a crafty Corporation that always hopes to ride out harmless candlelight marches. Practically speaking, the ACSR is a cooptation of the anti-apartheid movement...
...Hall in 1972. By now everyone should recognize that the Corporation is intransigent--so intransigent that Derek Bok merely reprinted his statements of 1978 in the Gazette in the spring of 1983. If students are serious about divestiture, they are going to have to exert power by boycotting the ACSR, by supporting the Endowment for Divestiture, by holding protests at alumni fund drives on campus, by gaining alumni endorsements, by boycotting classes, by picketing administration buildings and by otherwise being as uncooperative as possible. If Harvard really intends an ACSR that is more than a smokescreen, it will have...