Word: acsr
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...that banks are reluctant to release information on their criteria for deciding whether to make loans. And it all but rejected a policy of initiating shareholder resolutions, saying resolutions requesting information were frequently justifiable, but those demanding action were often futile. December brought into question the effectiveness of the ACSR and its case-by-case review of corporations in South Africa. The undergraduate committee member charged the committee was undemocratic and tended to stall on the issues before it. The resignation touched off a University-wide call for the ACSR's reform. Bok refused to accept two structural reforms...
...ACSR progress report on its case-by-case review in February reinforced skepticism over the committee's effectiveness. The committee noted the difficulty of collecting information on corporate practices...
...ACSR recommended that the Corporation send "forcefully worded" statements to recalcitrant companies rather than divest from these firmsas the April 1978 Corporation report indicated...
...knows that it's playing a winning game. The Corporation did not even discuss the South Africa issue during the summer and, according to Daniel Steiner '54, general counsel to the University, President Bok may issue more open letters if "topics come up of widespread interest." In addition, the ACSR will continue inconclusive and seemingly endless review of corporate practices in South Africa...
...University has left the deliberations over whether, for example, the Corporation should invest in companies operating in South Africa to the Advisory Committee on Shareholder Responsibility (ACSR...