Word: acsr
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Dates: during 1990-1999
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Nevertheless, at Monday's meeting of the Advisory Committee on Shareholder Responsibility (ACSR), the body charged with advising Harvard on the ethical responsibilities of investing, members spent spent several hours questioning their role within the University...
...talked about expanding the role of the ACSR," said Anita Ramasastry '89, a law student. "We should just get a better feel for the way Harvard Management works and invests...
Over the past week, several ACSR members have said that the group is powerless under the current investment structure. Formed in 1972, the 12-member ACSR, composed of faculty, alumni and students, currently can only make recommendations about ethical resolutions that come up in publicly-traded stock which the University owns...
Although he did not address the question of reforming the ACSR, Bok said he did not feel any attempt had been made to keep the committee in the dark...
...University should empower the ACSR to enact strict ethical guidelines which all Harvard investment affiliates are bound to follow...