Word: acsr
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Five of the six abstentions contradicted non-binding recommendations by the Advisory Committee on Shareholder Responsibility (ACSR), a 12-member board of students, faculty and alumni formed in conjunction with the CCSR in 1972 to provide student input on the University’s investment decisions and shareholder voting actions...
Despite strong ACSR support for a yes vote on an environmental code of conduct—known as the Ceres Principles—proposed this year to Plum Creek Timber shareholders, the CCSR abstained on the measure. However, a letter by the Corporation committee to the company last spring sought “to express support for the underlying goals of the Ceres Principles,” according to the report...
...proposal for labor reform sponsored by the International Labor Organization (ILO) and submitted to multiple firms garnered broad, though far from unanimous, support among members of the ACSR but drew mixed responses from the Corporation committee...
...ACSR threw unanimous support behind a proposal that oil giant ExxonMobil “review its policies related to human rights,” and the CCSR followed suit with a vote in favor of the measure...
...Corporation committee abstained on other human rights proposals submitted to Coca-Cola, AOL Time Warner and Boeing, in light of split votes on the ACSR...