Word: acsr
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Employment Practices and Policies. The ACSR believes that companies that operate in South Africa should follow employment practices that will ameliorate the effects of apartheid with respect to their own employees, even where such action impinges on profitability. Specifically, we believe that all companies operating in South Africa should implement the principles first proposed in 1977 by the Rev. Leon Sullivan, a director of General Motors Corporation, and to date endorsed by at least 61 corporations. Implementation of these principles would require a company...
...addition, as suggested in a letter, dated November 7, 1977 from Hugh Calkins, a member of the Harvard Corporation, to 57 portfolio companies, the ACSR believes that companies operating in South Africa should...
...much more than the shareholder resolutions, the ACSR report on South African investments has drawn the attention of the University community. In its report presented to the Corporation on March 20, the recommended a policy of non-investment in banks ending money to the South African government or its public corporations, the sale of the bonds Harvard now holds in those banks, and the establishment of a detailed procedure for monitoring U.S. firms' compliance with apartheid. After studying the firms the ACSR will reevaluate the entire situation next fall and will propose shareholder resolutions in those Companies that it believes...
While most Corporation members decline to speculate on what position the Corporation will take on the issue, Putnam says he believes the Corporation will agree with the vast majority of the ACSR report and will "go farther on the banks." Although he is not a member of the four-man investment subcommittee, Bok has involved himself on the issue because the full Corporation makes all major policy decisions for the University. Bok, as president, is the most influential Corporation member, and because he has over the years acquired a reputation for being one of the more liberal members...
...sponsoring a march from Radcliffe to the Yard, and a general boycott of afternoon classes so all students can participate in a mass demonstration during today's Corporation meeting. What effect they will have remains to be seen--despite the chain of advising from the IRRC to the ACSR to the Corporate subcommittees, despite student protest and petitions, despite ACSR and Corporation open hearings, despite the southern Africa Solidarity Committee and the United Front, once again the actual decision comes down to the Harvard Corporation, as it always has, and probably always will. Legally, that is the Corporation's right...