Word: acsr
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Each year the ACSR considers dozens of shareholder resolutions in most of the companies in the Harvard portfolio, but there are usually only a few major issues on the proxy agenda--this year the issues are South Africa, bottle feeding, and political contributions, last year they were the Arab boycott of Israel; and South Africa. On the purely financial resolutions the ACSR may defer to the Corporation subcommittee, but on almost all important shareholder issues the ACSR considers the matter and makes a recommendation to the Corporation. Unless the ACSR's vote is too close for the Corporation to draw...
...wake of the 1972 uprising, President Bok decided to establish the ACSR as a five student, five faculty member, five alumni body to consider the ethical questions inherent in investment decisions, and advise the Corporation on how to vote its shareholder proxies. The Associated Alumni were to choose the alumni members, the deans of the various schools were to suggest professors to serve on the ACSR, and the dean of the College was to choose the undergraduate students from a list drawn up by a group of undergraduates from all the Houses. South House refused to send delegates...
Other the years the ACSR has evolved, becoming a four faculty member, four alumni and four student body, with the one undergraduate member elected by the body of student representatives from the Houses and the freshman class. The body of student representatives has at times refused to disband upon choosing its nominee to the ACSR, as it did in 1972, when it demanded that the undergraduate representative's votes on issues be bound by its decisions. This year the group again did the same thing, institutionalizing itself by getting the approval of CHUL to become the Undergraduate Committee on Harvard...
...ACSR has met since October to formulate a South African investment policy. Along the way, the ACSR has relied greatly on the Investor Responsibility Research Center (IRRC)--a Washington-based service set up in 1972 by Harvard and other large institutions and first chaired by Farber...
...what seems to be a strange parallel to the 1972 events, this year's demonstrations and interest in South Africa prompted Bok to send one of his current assistants to investigate South Africa firsthand. Lawrence F. Stevens '65, secretary of the ACSR, traveled for three weeks n South Africa and will report his findings to the Corporation's investment subcommittee, which was set up simultaneously with the ACSR and which makes final investment decisions with the advice of the ACSR. In 1972 students were calling for divestiture of stock in Gulf because it and other U.S. corporations were helping...