Word: acsr
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Dates: during 1980-1989
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Students who forced the Advisory Committee on Shareholder Responsibility (ACSR) to hold an open meeting on April 19th last year need to follow up that and other efforts to force Harvard to withdraw its investments in companies that operate in South Africa. The call for a boycott of the ACSR is especially timely...
...first place, last spring the ACSR voted to a deadlock of 6 to 6 on the question of total divestment. The ACSR's internal division is a good excuse for the Harvard Corporation to ignore the ACSR. Pragmatically speaking, further efforts in such a deadlocked situation are futile. The 12-member ACSR is appointed by president Bok--four students, four faculty and four alumni...
...Harvard has also made it clear that divestiture simply won't happen--ever. And so-the issue seems to have died, not just at Cabot House, but across the campus. Certainly there is bound to be some marching and chanting this spring--when the ACSR meets and the weather gets warm--and the Endowment for Divestiture will likely get another $10,000 or $15,000 this spring...
These contradictions parallel those of the Harvard administration. President Bok responded to protests last year by reissuing a statement of five years earlier. He has refused invitations to defend the University position in public. And the establishment of the Advisory Committee on Shareholder Responsibility (ACSR) in the early 1970s can only be viewed as a tool of the administration, making it appear to be initiating change. The ACSR now makes non-binding suggestions which the Corporation seldom follows...
...other alumni members are Ernest Monard '51, and Theodore Chase '34, Chase, who has been serving on an ad hoe committee established last fall to review the ACSR's performance, refused to comment on his role in the ACSR...