Word: acsr
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...Advisory Committee on Shareholder Responsibility (ACSR) last night voted on eight shareholder resolutions from four companies and deferred on one asking a company to create its operations in South Korea...
...resolution to Motorola Company, which asked the company to pull out of South Korea, was too vague, George Dallas '56 an alumni member of the ACSR, said last night. He added that since there was no clear precedent, committee members wanted to learn more about various companies involvement in South Korea...
...CORPORATION SUBCOMMITTEE that votes on shareholder resolutions last week took a decisive step backwards. In a discussion with the Advisory Committee on Shareholder Responsibility (ACSR), which advises the Corporation on investment ethics, the subcommittee stated that Harvard need not consider a company's moral standing before deciding to invest in a company--not even to the point of checking whether the company has signed minimum-labor guidelines. A stock only takes on moral dimensions, the committee would have us believe, after it has been bought--just in time to set in motion the lengthy bureaucratic struggles the ACSR must...
...ACSR, whose existence as a screening body would be rendered entirely useless by this principle, has sensibly drafted a statement to tonight's Corporation meeting, urging Harvard to consult screening guidelines before buying a stock. We urge the Corporation to pay attention to this commonsense recommendation. Any other course would undercut the whole concept of shareholder responsibility and compromise morality for sophistry...
Calkins said the tobacco issue is too complicated for any immediate decisions on the ACSR's informal recommendation that Harvard divest its $20 million worth of stock in the company, adding the Corporation would take the issue up this summer