Word: acsr
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...ACSR Response...
Calkins' original comment was made during a meeting between members of the Corporation and the Advisory Committee on Shareholder Responsibility (ACSR). Several members of the advisory committee, which makes non-binding recommendations to the Corporation on ethical issues it may face when handling its $2-billion endowment, said Calkins' statement strayed significantly away from what Harvard's official investment policy should...
...unanimous vote taken last week, the ACSR sent to the Corporation a recommendation that Harvard must consider its ethical position before buying the stock. In two strongly supported votes, the committee supported the use of the Sullivan principles as minimum standards for treating companies in which Harvard either owns or wants to own stock...
...most flagrant indication, of course, was the comment of senior Corporation fellow Hugh Calkins '45 to members of the Advisory Committee on Shareholder Responsibility (ACSR) that Harvard does not take ethical considerations into account in the initial decision to buy shares in a company. While it sounds unduly harsh, this statement probably represented little more than a semantic change in the University's South Africa policy. As it is, Harvard says it checks up on companies already in its portfolio to make sure they are in some way working for "constructive change" in South Africa Calkins statement simply means Harvard...
...Darwinists at the beginning of this century. Mr. McNab's view represents, quite simply, the most blatant of double standards. Is his understanding of free speech that we must listen to such virulence as Rahman's in silence? Would he condemn the Falwell "hecklers" or those who protest at ACSR meetings...