Word: acsr
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Dates: during 1980-1989
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...paying taxes to the white regime there. The demonstrators vacated the building a week later after the University threatened to file criminal charges. While President Bok refused to bow to the students' demands, he did offer them one concession: the creation of the Advisory Committee on Shareholder Responsibility (ACSR), a body composed of students, faculty, and alumni which would give the Corporation non-binding recommendations on ethical issues it faces in managing Harvard's endowment...
...Southern Africa Solidarity Committee (SASC), founded in November of that year SASC managed to organize a tenuous coalition of disparate minority and political groups into the United Front, and led them through a series of mass rallies and demonstrations that culminated just before reading period. SASC called on the ACSR to recommend to the Corporation that it sell stocks in banks making loans to the South African government, support shareholder resolutions calling for complete corporate withdrawal, and issue a clear, public statement on its investment policies...
...March, the ACSR released a report saying that it would only make recommendations to Harvard on a case-by-case basis, although it urged a ban on investments in offending banks. This left students dissatisfied. A month later, the Corporation reacted to the ACSR's report with a report...
...ACSR, however, will be losing most of its most liberal members and should be quite dormant this fall as the new people familiarize themselves with the different issues. Once it does get going, though, it is likely to press the Corporation on the statement spokesman Hugh Calkins '45 made that Harvard does not look at any ethical factors (i.e., labor conditions, wages) before it invests in companies. Calkins, after ACSR members attacked that policy, said that the Corporation would investigate the feasibility of pre-screening companies before the University buys shares in them...
Although South African investments are the center of attention, the ACSR has made recommendations on other stocks. The Corporation agreed with its suggestion to abstain on company shareholder resolutions which deal with nuclear weapons but has not acted on their recommendation to divest from Philip Morris because the company makes cigarettes...