Word: acsr
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energized its "commitment" to investigating its ties to South Africa by initiating the case-by-case review system. Under this method, the ACSR systematically researches and reports on the practices of companies--but does so only on the recommendation of another shareholder...
...Corporation is trying only to make the ACSR credible, but those efforts may force the Corporation to commit itself to looking into shareholder resolution, and Jorge I. Dominguez, professor of Government and a former committee member, anticipates trouble if the Corporation stumbles into such a role. "I'm sure that's a bridge no one will cross until they come to it," he says. Although the eight-companies-a-year plan is still a proposal, it seems likely to pass. And committee members say it is likely that the early investigations will include familiar trouble spots--companies under scrutiny because...
Citing the University's continuing commitment to checking South African investments, Stevens is optimistic about the new plan. Under the old policy, he says, "you ended up knowing a little bit about a lot of companies." But Vagts is more cautious. He hints at differences that linger between the ACSR and the Corporation, and says that although the information about certain companies may be more comprehensive a sense of investment trends will be lost...
...alumni of the torchlit march, little has changed. But for other undergraduates--those who no longer protest--enough has. Divestiture is still a dream--President Bok frequently says that the University can help South Africa more by remaining a shareholder and voicing its concern through resolutions. But the ACSR now acts as a moderate influence--and it may eventually temper the Corporation...
...debate goes on. More quietly, but it does remain, surrounding even the most basic issues. Kaufman admits the impact of a Corporation vote is extremely small. No matter how much work the ACSR does, only 1 per cent of any stock can be shifted by Harvard's vote. "I'm not sure this accomplishes anything and that's bad," he says, adding, "But for Harvard not to vote or abstain on any of these issues would be bad, too." Fall 1980. There are shades of gray between the black and white of spring...