Word: acsr
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Jorge I. Dominguez, professor of Government and a committee member, believes the ACSR's "very clear break from the votes of last year" goes deeper. Dominguez says there is a general feeling within the ACSR that a policy of actively encouraging corporations to accomodate the interests of Blacks in South Africa is more consistent with the University's policy than the more passive course the Corporation has followed. "If you do not see divestiture as a justifiable means to bringing change in South Africa, then you must take an activist stand and often vote against management" to ensure that...
Although Dominguez notes that the Corporation and its advisory committee disagree over the degree of zeal the University should show in encouraging corporate progressivism in South Africa, he believes the Corporation moved to a more activist position this year, though not "as far or as fast as the ACSR. The Corporation is no longer casting affirmative votes with management and is not holding the same uncritical position as last year," Dominguez says, adding that "the direction of the Corporation and ACSR was the same this year, with both moving at different degrees." Valelly disagrees, however, saying the Corporation's "view...
Hugh Calkins '45, chairman of the Corporation's Committee on Shareholder Responsibility, says the Corporation is concerned that the sudden shift in the ACSR's votes may saddle Harvard a reputation of inconsistency in the corporate world. The Corporation, therefore, will spend the summer "outlining ways that Harvard can maintain a consistent policy towards its investments from year to year so we stay away from the rapid shifts in opinion of the ACSR," Calkins says. One such means, he notes, would be a base to monitor corporate practices in South Africa, which Harvard is currently discussing with the Carnegie Foundation...
...ACSR continues to recommend action, however, the Corporation will be hard pressed to maintain its passive policies. The days of reacting to the cries of disenchanted students and other shareholders are dwindling. The new activism of the ACSR shows that the controversy over Harvard's South Africa related investments is now institutionalized, virtually built into the Corporation's administrative process. Although most analysts label the ACSR's recommendations "moderate," the committee's new activism shows that the movement of the Corporation's administrative gears will bring the controversy to the attention of the Corporation as readily as zealous student opposition...
Once the adversary of students opposed to Harvard's investments in firms doing business in South Africa, the Advisory Committee on Shareholder Responsibility (ACSR), the Corporation's research body, did an about face this past spring and voted to support several progressive, though moderate resolutions...