Word: acsr
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Members of the Advisory Committee on Shareholder Responsibility (ACSR) listened quietly Tuesday night while several individuals and members of eight student groups tried to persuade the ACSR to follow their advice in making recommendations to the Corporation on shareholder resolutions...
...unfortunately, any nightmares ACSR and Corporation members may be having about a reenactment of the noise, marches and discomfort of that spring will probably remain fuzzy and fearful speculation. SASC activity and support have decreased drastically over the past two years, and reaction to events on the investment-policy front has become increasingly lukewarm...
...regrettable reality is that investment issues--from South Africa, nuclear weapons research and corporate expansion in Chile to the contents of baby formulas--have become more and more thoroughly institutionalized since President Bok's 1972 creation of the ACSR and the Corporation's reluctant April 1978 release of its official report on investment issues...
Meanwhile, the ACSR wallows in a mound of bureaucracy that threatens to swamp it because the committee is obliged by the Corporation's cowardly policy to consider resolutions on an ad hoc basis...
...ACSR has very little real power. Corporation response to ACSR recommendations--often formed with the best of intentions--has historically been pitiful. But the ACSR has officially invited all who are interested to knock on its door tonight and make their opinions known. The offer is no more than a morsel, and, if we expect the beliefs of the student body ever to reach the Corporation and have an effect on its policy decisions, a morsel, no matter how tasty, will not do the trick. Nevertheless, experience shows that if the Corporation responds at all on the investment question...