Word: acsr
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Dates: during 1980-1989
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...council also has a history of toadying to the adminstration. A year ago, the council was on the verge of withdrawing its representative from the Advisory Committee on Shareholder Responsibility (ACSR), but it backed down after the administration released an open letter on the ACSR...
...ACSR does meet next fall, its agenda will likely include not only general investment policy guidelines, but also consideration of an anticipated Undergraduate Council report on the council's student referendum on divestment, said committee member Wilson C. McLeod, a first-year Law School student. By an almost two-to-one margin, students participating in the referendum supported total divestment from companies doing business in South Africa...
...council report may be released as early as mid-May, but intensive ACSR meetings during reading and exam periods are "absurd from the point of view of students," McLeod said...
...meeting Monday, the ACSR voted on four of the approximately 45 proxies which remain on this year's agenda, Gabarro said. Originally, the group was scheduled to review nine proxy resolutions, but the research center which furnishes the committee with information on companies in Harvard's portfolio was unable to give the ACSR the necessary reports on time, he said...
...ACSR will not reveal the results of its proxy recommendations until after the seven-man Corporation, which has the final say on Harvard's investment policies, has decided whether or not to follow the committee's advice...