Word: acsr
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...business as usual in Massachusetts Hall last week, with the Corporation refusing to approve one shareholder resolution recommended by the Advisory Committee on Shareholder Responsibility (ACSR) and appearing likely to take similar steps on a second...
...ACSR also split last night on a pair of proposals that ask Exxon and Atlantic Richfield (ARCO) to issue report on their activities Chile Harvard owns about $28 million in Exxon and about $34 million in Atlantic Richfield, according to the University's most recent financial report...
...ACSR last night formally decided to hold an open meeting next fall to hear Harvard community opinion on the nuclear question. Student activists had hoped to have such a meeting this year, but Corporation Member Hugh Calkins '45 and ACSR Chairman Walter J. Salmon, Roth Professor of Retailing at the Business School, have indicated that there would probably not be enough time to prepare for such a meeting before the end of the year...
Despite last night's ACSR recommendation, it appears likely that the Corporation--which has the final say on how Harvard votes in proxy resolutions will abstain on the Du Pont resolution. Thus far this year, members of the Corporation have abstained on nearly all the nuclear weapons-related issues that have arisen in companies in the University portfolio. The Corporation last week abstained on a similar resolution--which the ACSR supported--calling on General Electric to end its management of the Pinellas nuclear weapons plant...
...ACSR voted to support a church-sponsored resolution calling on ARCO to release a detailed report on the investments it has made in Chile. The report would include an evaluation of the impact of these investments in improving human rights in the country...