Word: acsr
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Dates: during 1980-1989
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Whether or not the ACSR will actually expand its role as some have wished is extremely uncertain. But one thing is clear: as long as there is both the advisory committee and the Corporation, there are going to be some disagreements. And these disagreements have often been interpreted to mean that the Corporation is not taking the committee's advice seriously...
...Harvard's lack of initiative remains an issue: some of the current ACSR members have indicate a desire to have the committee recommend that Harvard divest from companies not South Africa. One of these students. Patrick A Flaherty, who is also a member of the Southern Africa Solidarity Committee, says that shareholder resolutions are limited in impact because there is a natural "community of interests" between the University and the assorted resolutions, and also because while shareholder resolutions do help focus attention on an issue, unless they pass, they will not bring actual change...
Despite its limitations, many people associated with Harvard's shareholder process feel that its potential symbolic weight counter-balances the disadvantages. Resolutions may bring to a company's attention issues it has not considered before. Richard M. Valley, a government graduate student and former ACSR member, echoes the feelings of others in saying, "When Harvard casts its vote, corporate officials tend to feel bad or good, depending on the [outcome...
Secretary to the ACSR from 1973-1981. Lawrence F. Stevens '65, who for eight years was perhaps the closed person on campus to the investment morality question, has some very definite views on the subject. As he stresses about the committee. "The sole product of the committee's deliberations is advice, and within this community, as we well know nobody has the market offered on advice...
...College Treasurer George Putnam '49, a Corporation member, says that the committee is "consistently helpful" to the Corporation, but he adds that the Corporation takes a wide number of factors into account in evaluating the ACSR's recommendation. He cites this year's high absenteeism at ACSR meetings and says the Corporation must ask itself. "Would the whole ACSR vote that way," on a particular issue? And he criticizes what he sees as the occasional politicization of the advisory committee--and tries to make sure the position of the committee always represents "intelligently achieved points of view...