Word: acsr
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Dates: during 1980-1989
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While the ACSR has recently been linked in many minds with the issue of South Africa, last year's University financial report notes that the ACSR began by investigating shareholder resolutions about "consumer and environmental protection...
...same time, Bok also established a separate Corporate Committee on Shareholder Responsibility (CCSR). The CCSR was to receive the recommendations of the ACSR, and then use them to decide how Harvard would vote...
...ACSR was also designed to serve as a conduit between concerned members of the community and the Corporation. As Bok said at the time, "I look to the Advisory Committee as a link with different interested segments who can develop useful information and advice on forthcoming shareholder resolutions and other important issues of shareholder responsibility." The ACSR began this task in earnest, investigating a wide range of ethical issues. ACSR members have traditionally spent much of their time writing to companies to inquire about their business practices, and sounding-out interested individuals and organizations about their opinions of various companies...
...somewhere along the way, the ACSR began to stray from this original task of making recommendations on proxy votes on a case-by-case basis. Discussing specific examples has logically drawn the ACSR into attempts to form broader policy statements that would help set out consistent ground rules the University would use to guide its votes. In large part, these guidelines represent the ACSR's attempt to keep its recommendations consistent from year to year...
This consistency has proven to be particularly difficult to achieve because of the rapid turnover in membership on the ACSR. The Committee consists of 12 members: four alumni, four Faculty, and four students. Each serves for a two-year term, and many members insist that it takes a full year just to learn how the Harvard portfolio operates. This year, for example, seven of the 14 members will be leaving. Noel McGinn, a lecturer at the Graduate School of Education who is one of the outgoing members, says that this constant turnover prevents the ACSR from passing on a coherent...