Word: acsr
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Dates: during 1980-1989
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...protest quieted down until 1982, when the University attempted to retreat on the 1978 commitment. The University asked the ACSR to approve an end to the ban on investment in banks lending money to South Africa SASC reactivated itself, and packed an open meeting of the ACSR with 300 students. One after another, students--including representatives from the Conservative Club rose to urge the ACSR not to change its stand. The ACSR stuck to its original position and urged the Corporation to maintain the ban The Corporation...
Emboldened by their success, student activists asked for another open meeting of the ACSR this spring, at which they asked it to recommend to the Corporation to sell the stock of any companies in its portfolio with ties to South Africa. Their pleas apparently had some impact on the advisory body. For the first time ever, the ACSR voted on a resolution recommending complete divestiture, and narrowly defeated it by a vote of 6 to 5, with one abstention. The abstaining member then changed his vote, bringing it to an even 6 to 6 split. The resolution did not pass...
...students--one for every 10 that demonstrated in 1978--rallied in support of those on the committee who had voted in favor of the resolution. To many activists, it seemed that it was only a matter of time before the ACSR passed a divestiture resolution...
...ACIR was formed in the fall of 1981 to examine just these issues of investment policy. Modeled along the lines of Harvard's Advisory Committee on Shareholder Responsibility (ACSR), the ACIR is technically a more powerful body than the ACSR. While the ACSR only advises the Corporation, Heffernan points out that the ACSR's decisions are binding, and immediately become the official Radcliffe position on investment issues...
Membership is the ACIR in, however, much more narrowly prescribed than the membership of Harvard's ACSR. The ACIR consists of five voting, members, four members of the Radcliffe Board of Trustees, and one Radcliffe student, Heffernan says. In addition, the President of Radcliffe, the vice president for financial affairs, and the chairman of the Board of Trustees are all non-voting members. By contrast, the ACSR includes an even mixture of four Faculty members, four alumni and four students. And while the ACIR student member is chosen by the Radcliffe Trustees without consulting the Radcliffe Union of Students...