Word: acsr
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...Like the ACSR, the Radcliffe committee votes on proxy resolutions for each of the companies it invests in, Heffernan says. But unlike the ACSR, the ACIR has never yet drafted a general policy statement toward companies manufacturing nuclear weapons, or conducting business in South Africa. So far, Heffernan says the ACIR has closely followed Harvard's lead on investment policy. An observer regularly sits in on all ACSR meetings and reports back to the ACIR, she adds. Radcliffe has "endorsed the spirit" of Bok's 1978 statement opposing divestiture, and its updated version released the spring. But Heffernan says that...
...ACIR was formed in the fall of 1981 to examine just these issues of investment policy. Modeled along the lines of Harvard's Advisory Committee on Shareholder Responsibility (ACSR), the ACIR is technically a more powerful body than the ACSR. While the ACSR only advises the Corporation, Heffernan points out that the ACSR's decisions are binding, and immediately become the official Radcliffe position on investment issues...
Membership is the ACIR in, however, much more narrowly prescribed than the membership of Harvard's ACSR. The ACIR consists of five voting, members, four members of the Radcliffe Board of Trustees, and one Radcliffe student, Heffernan says. In addition, the President of Radcliffe, the vice president for financial affairs, and the chairman of the Board of Trustees are all non-voting members. By contrast, the ACSR includes an even mixture of four Faculty members, four alumni and four students. And while the ACIR student member is chosen by the Radcliffe Trustees without consulting the Radcliffe Union of Students...
...College." While stating that their task is to manage Radcliffe's affairs "in a very thoughtful and responsible way," Defriez declined to elaborate on how committee members are selected, or what issues have been discussed at recent meetings of the ACIR. Meetings of the ACIR, like those of the ACSR, are closed to the public...
...anyone who has served on the Advisory Committee on Shareholder Responsibility (ACSR) what his emotional response to the experience was and you're likely to get one answer: frustration...