Word: acsr
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...ACSR also advised the Corporation to establish a policy of non-investment in banks that made any new loans to the South African government, purchased government bonds or refused to release information to Harvard on their current South African loans...
...weeks became months and the ACSR still had not reached a conclusion, SASC members grew impatient and alleged that the ACSR was intentionally stalling so that the deadlines for proposing shareholder resolutions in many companies operating in South Africa would pass as they deliberated. The SASC also demanded that the committee open its deliberations to the public...
...student demonstrators marched in the snow outside an ACSR meeting that March, the body finalized its report to the Corporation on Harvard’s investments in companies operating in South Africa...
...ACSR report did advise the Corporation to establish strict criteria for American firms wishing to remain in South Africa and means for taking action against companies that failed to comply with the guidelines...
Advocates of divestment argued that the report did not go far enough, and the committee’s recommendations disappointed many observers who had attempted to persuade the ACSR to advocate more far reaching measures against the offending corporations...