Word: acsr
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Dates: during 1980-1989
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...committee members contacted yesterday declined to comment on specific issues facing the ACSR, saying they wanted to learn more about topics like investments in companies operating in South Africa or production of nuclear arms...
...members of Harvard's Advisory Committee on Shareholder Responsibility (ACSR) include the headmaster of a Boston high school, an applied mechanics and biology professor who moonlights as a novelist, and students from the Divinity and Dental schools, the University announced yesterday...
...governing Corporation considered a series of shareholder resolutions asking companies in the University's $1.7 billion portfolio to limit their work related to nuclear weapons. In the past, the Corporation had voted against similar resolutions, following the recommendations of the student-faculty-alumni Advisory Committee on Shareholder Responsibility (ACSR). Both groups argued that nuclear arms policy was the province of the government, not the private investor. But this year, the ACSR recommended approval of several of the largely symbolic anti-nuclear arms production resolutions. The Corporation went half the distance, abstaining on strong messages to three major companies...
...several years, a new question may this year get more attention: investment in companies producing nuclear weapons. Harvard holds stock in several companies involved at least indirectly in the production of nuclear arms, including General Electric and Dupont. In the fall, the University Advisory Committee on Shareholder Responsibility (ACSR) will vote on whether to endorse divestment from such companies...
...ACSR as a 12-member board created of students, faculty and alumni created in 1972 to give the Corporation non-binding advice on ethical questions surrounding the investment of Harvard's money. The University portfolio is currently valued at $4.7 billion, and it accounts fo 18 percent of the University's annual income...