Word: acsr
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Dates: during 1980-1989
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...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...
...square that drew over 1000 students and constituted the largest demonstration since the anti-Vietnam movement days. Some heat remains in his tone now when he discusses the student-faculty committee that advises the corporation on its investments: "I don't know how anybody can sit on the ACSR without a certain sense of shame because they are so clearly being used--unless they went on specifically to change the committee...
...been quiet on the South Africa front lately, but last week brought the disclosure that the Advisory committee on Shareholder Responsibility (ACSR) has advised the Corporation to divest from a company that has violated widely accepted standards of behavior for firms doing business in the apartheid state...
...secret vote--taken at the last ACSR meeting--to urge the Corporation to sell Harvard's approximately $6 million worth of Carnation stock marks the first time in its 10-year history that the advisory committee has recommended stock divestiture of any kind...
Student protestors, too, deserve credit for pressuring the ACSR into taking the stronger stands it has on Harvard's links to the apartheid-ruled nation. With the ACSR and, hopefully, increased student activism, next year further progress can be made in getting the University to disassociate itself with the murderous and repugnant government of South Africa...