Word: acsr
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...largest sale resulting from the University's three-year-old policy against leaving its money in banks lending directly to the apartheid government of South Africa, the transaction did not become public until mid-February, prompting criticism of the Corporation's secrecy from the Advisory Committee on Shareholder Responsibility (ACSR) and other University affiliates...
...policy change did not mean that "the Corporation would unilaterally alter its policy without first consulting the Harvard community." Putnam also reassured students that he would not interfere with the independent review of Harvard's bank-loan policy being conducted by the Advisory Committee on Shareholder Responsibility (ACSR...
Furthermore, student members of the ACSR suspected that Putnam and other Corporation members who agreed with him were pressuring Milton Katz. Stimson Professor of Law and Chairman of the ACSR...
Katz, maintaining that Corporation members had not affected the outcome of the ACSR's deliberations, did acknolwedge that Putnam had "informally made his views known at a cocktail party...
...hide behind a smokescreen of excuses, citing items of grammar or careless wording that supposedly render resolutions infeasible or impracticable. The Corporation purports to consider individual stockholder issues seriously, sticking to its policy of considering each one on an ad hoc basis. Since 1972, when it created the ACSR, the Corporation has delegated to that committee the gathering of facts and the interpreting of community opinion on various stockholder issues. But how can the ACSR's faculty, student and alumni members be expected to continue their time-consuming work diligently if the Corporation persists in ignoring their recommendations...