Word: acsr
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...final formal meeting of the year, the Advisory Committee on Shareholder Responsibility (ACSR) last night voted to recommend that the Croporation send a letter to the Xerox Corporation urging the company to halt its South African subsidiary's sales to the military and police...
...considering a church-sponsored shareholder resolution at Xerox. ACSR members unanimously voted against Xerox's sales to the South African military and police. But the committee voted separately on a more far reaching clause of the resolution that indirectly calls for the eventual, complete withdrawal of Xerox from South Africa. Lawrence F. Stevens '65, secretary to the ACSR and assistant general counsel to the University, said last night...
Hugh Calkins '45, chairman of the Corporation's Committee on Shareholder Responsibility to which the ACSR reports, said Monday that Corporation members do not disagree with the spirit of the resolution...
...ACSR members agreed last week that the Corporation's favorable vote on the IBM resolution, like the votes and outcomes with most shareholder proposals, was "symbolic" but showed that the Corporation was receptive to the ACSR's advice...
However, after this week's rash of abstentions, Kenneth Propp, a second-year Law student and the ACSR's Law School representative, said. "It's unlikely that the Corporation will respond positively to further study in these areas by the ACSR--students should draw their own conclusions from that...