Word: acsr
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...apparent shift to a more active stnance, the Advisory Committee on Shareholder Responsibility (ACSR) Wednesday recommended that the Harvard Corporation support a series of shareholder resolutions demanding that one U.S.corportion withdraw completely from South Africa, and another company to stop proposed expansion there...
Most people--including Stanley Surrey, Smith Professor of Law and first chairman of the University's Advisory Committee on Shareholder Responsibility (ACSR)--agree that the Mass Hall takeover hastened the move by President Bok to set up the ACSR. Since 1973, the advisory committee, composed of equal numbers of students, faculty and alumni, has counselled the Corporation on socially responsible Harvard shareholding, coming up with recommendations on how Harvard should vote on each shareholder-sponsored resolution it receives as stockholders in hundreds of companies...
...with Surrey's analysis of events, claiming that the establishment of a shareholder advisory committee had been among his plans from the start of his term as president in the fall of 1971. At the same time, in light of the Mass Hall takeover, Bok regrets not having established ACSR promptly--before the development of the Gulf Oil protests. "To have had those procedures implemented promptly before the problem arose would have been a good thing," Bok says. "Of course, hindsight is always easy. In the fall, there was no problem, and it didn't appear that moving on that...
Although many said they had never followed the progress of the Corporation's committee on shareholding decisions, protesters who had kept tabs on ACSR suggest the body is simply an effort at appeasement. One student reminded this reporter that several Houses had even boycotted the elections of a student representative to ACSR in the first years of the committee's existence. "The rationale for the University's policies have absolutely no connection with what a little committee feels is ethical," Mary Basset '74 said...
...former campus dissidents' attitudes are not completely at odds with the views of some ACSR members, both past and present. Some members suggest that a bias exists in ACSR membership because of the strong predominance of individuals with business, corporate law, and economics backgrounds, among the group's alumni and faculty members. As Sabine Rodriguez '75, a second-year student at the Law School and a member of ACSR during its first three years says the University appears to believe that an alumnus who works in the arts in Boston is not as capable of judging the social value...