Word: acsr
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Dates: during 2000-2009
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CCSR, made up of three Corporation members, receives non-binding advice from the 12-member Advisory Committee on Shareholder Responsibility (ACSR), which is composed of students, faculty and alumni. The two committees agreed 80 percent of the time, the report said...
...holdings in Gulf Oil, which supports the military regime in Angola. The takeover galvanizes the South African divestment campaign. In 1977, 2000 students block the entrance to University Hall in protest; in 1986, 200 divestment activists erect a shanty town and a symbolic ivory tower in the yard. The ACSR petitions for divestment from South Africa regularly between...
...Corporation Committee on Shareholder Responsibility (CCSR) issues an annual report on Harvard’s holdings and decides Harvard’s vote in shareholder proxy meetings. Every year, the Advisory Committee on Shareholder Responsibility (ACSR), a 12-member panel with four student members, issues a report to the CCSR, recommending proxy votes and raising ethical issues. The CCSR often disagrees with the ACSR’s recommendations. But raising an issue via the ACSR, created as an outlet for students to voice opinion on the endowment, is the best way to catch the attention of the people who control...
...though, the University evaluated corporations for investments based on the benefits they provided nonwhite employees. This policy was proposed by the Advisory Committee on Shareholder Responsibility (ACSR)—a committee formed in 1973 to advise the Corporation on ethical issues...
...Corporation defended its investment policy by outlining ethical standards already in place for evaluating investments in South Africa at the Faculty meeting. A. Michael Spence, an ACSR member, specified that corporations that withheld products and services from the government, the military or the police that implemented apartheid and adopted employment practices that benefited nonwhites in South Africa met Harvard’s standards for investment...