Word: acsr
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Corporation members emphasize that they try to be consistent on issues over the years. But the ACSR which has five or six new members each year, it has been suggested, might be inclined to switch positions on a particular issue. But while the ACSR is able to change its recommendation on an issue, the Corporation, Putnam says, has got to have a "damn good reason" to switch positions. For instance, in 1981 the ACSR and the Corporation both opposed a resolution asking American Telephone and Telegraph (AT & T) to set up a review committee on a nuclear weapons laboratory. When...
...Valelly notes. "The whole Citibank issue showed to me they had no respect for precedent Kenneth Propp. a third-year law student and, former member for the ACSR, adds that citing precedent is an"unjustifiable tactic" by the Corporation because it serves as a pretext for covering up serious disagreements with the ACSR...
...ACSR play a role in picking out what this direction should be? The University obviously thinks so, and as far as students are concerned the answer seems to be a qualified yes. Helping make direct decisions is not in the cards, but in a number of different ways, the ACSR has had and still has the potential to influence policy...
...Flaherty and others point out, the ACSR makes it impossible for the Corporation to ignore moral considerations in investment policy. This is especially crucial in times, such as now, of low student interest in investment issues. Propp says in addition that the advisory committee can serve as a "lighting rod" for student concerns. "The existence of the ACSR has prevented the Corporation from sweeping [moral issues] under the carpet" he says...
This seems to be the ACSR's most important function. For while the 300 or so people who showed up at the March ACSR open meeting on South Africa bank loans seemed like a lot, the crowd pales is comparison to the over 3000 people who stormed through. Cambridge in 1978 on a condlelight march to protest Bok's refusal to divest from companies operating in South Africa. The ACSR seems to serve a pivotal role in at least keeping the Corporation thinking about some of the issues involved in ethically managing Harvard's immense portfolio...