Word: acsr
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...ACSR report makes recommendations that for several reasons fall far short of any reasonable, justifiable stand against companies supporting apartheid. First, the report focuses on the support U.S. firms give the apartheid system through the labor practices they employ in South Africa. While racist labor policies certainly constitute a significant aspect of American corporate complicity in apartheid, they divert attention from the bigger issues of U.S. corporate involvement. U.S. corporations employ a total of less than 1 per cent of the South African black labor force, so any improvement in American labor practices will have virtually no effect...
Instead of committing itself to any set of criteria for gauging the support Harvard's portfolio companies give to apartheid, the ACSR only suggests that such criteria be established in the future and that the right of companies to stay in South Africa be judged against such guidelines on an individual basis. This crucial evaluation is to be done by non-existent staff with non-existent resources employing non-existent criteria. The whole point of an advisory committee on shareholder responsibility is to make evaluations of this sort--not merely to state that someone, somehow, should undertake the task...
WHILE THE ACSR CONTINUES only to call for still further study, South African blacks each day face arbitrary arrest, torture, poverty-level wages and the complete and systematic denial of fundamental civil and political liberties. Meanwhile the white supremacist South African minority, under the tutelage of the reprehensive Vorster government, daily grows more entrenched. Harvard students, faculty, alumni and employees opposed to apartheid must now redouble their efforts in the face of Harvard's carefully contrived institutional intransigence. The Corporation appears ready once again to second-guess its advisory committee in adopting a policy even more socially retrograde than that...
Members of the University community who disagree with the recent report of the Advisory Committee on Shareholder Responsibility (ACSR) will have a chance to criticize the report tonight at the Corporation's open hearing on South African investment...
...Corporation is scheduled to decide on a South African investment policy by April 24, and is currently considering the ACSR report...