Word: acsr
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Dates: during 2000-2009
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However, the Corporation specified that the ACSR would perform a case-by-case review of the companies in Harvard’s stock portfolio, aimed at evaluating their dealings with South Africa and recommending whether Harvard should continue to invest in related companies...
...chief function of the ACSR was to advise corporations on how to vote on proxies of the shares that Harvard owned,” says Detlev F. Vagts ’49, Bemis Professor of International Law at Harvard Law School and ACSR chairman in 1979-80, referring to the various shareholder resolutions that were being proposed to influence corporations’ practices in South Africa...
...ACSR also favored shareholder resolutions over divestment, according to Vagts...
...thought more would be accomplished by having American firms push to upgrade things and improve conditions for black workers,” says Vagts, whose daughter protested in favor of divestment while he sat on the ACSR. “If IBM sold its South African investment...nothing would be achieved, because they would probably be bought by someone who was less interested,” in the political consequences of its actions, he adds...
...until 1980, however, did the ACSR advise the Corporation to support any of these shareholder resolutions...