Word: acsr
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Dates: during 2000-2009
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...member Advisory Committee on Shareholder Responsibility (ACSR)—made up of one undergraduate, four administrators, and four faculty members—is charged with researching proxy issues and passing on its non-binding recommendations to the CCSR...
...uphold unethical principles.”Bok wrote that universities “may refuse to invest in firms that depend heavily on conditions or practices of an immoral nature.”Last April, Bok’s views were cited by the Advisory Committee on Shareholder Responsibility (ACSR)—a group of students and faculty that advises the Corporation, Harvard’s highest body, on investment decisions—when it recommended that Harvard sell its holdings in Beijing-based PetroChina. The oil firm has been accused of facilitating the ongoing genocide in Sudan?...
...Advisory Committee on Shareholder Responsibility (ACSR) is created to advise the Corporation Committee on Shareholder Responsibility (CCSR) on issues of ethical investing. The ACSR is made up of 12 members—four students (one undergraduate), four faculty, and four alumni. The CCSR agrees with the ACSR 80% of the time...
Furthermore, the biggest check in the Bok system is the Advisory Committee on Shareholder Responsibility (ACSR). Comprised of professors, alumni, and students, the ACSR was a concession made by the University to student activists demanding institutional checks during the campus debate over investments in apartheid South Africa in 1972. While the ACSR research was valuable in prompting the PetroChina decision, they hold little real power—they can only make recommendations and primarily focus on shareholder votes, not screenings of investments. Overall, the Bok standard of ad hoc ethical decision-making—adopted in reaction to student protests...
There is no way of avoiding confrontations on ethical issues regarding investments—students have and will continue to force them on the administration as long as the President and Corporation fail to give real power to the ACSR to actively monitor Harvard’s portfolio. Bitter and divisive fights with students and alumni are not worth the cost—last year’s Senior Gift controversy as well as the shantytown protests over apartheid at commencements in the 1980s could have been avoided if a body like the ACSR were continuously screening investments...