Word: acsr
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...when Campaign GM was one of the hottest issues among students, Harvard has taken a leading--if somewhat dispassionate--role among major institutional investors attempting to ensure that the companies in which they invest display socially responsible behavior. In 1972, President Bok established an Advisory Committee on Shareholder Responsibility (ACSR) to make recommendations to a subcommittee of the Harvard Corporation on how to vote Harvard's stock at annual meetings of its portfolio companies...
...would be nice if the CHUL were the only student committee that dealt with all undergraduates, but it isn't. There is also a Committee on Undergraduate Education (CUE), an Advisory Committee on Shareholder Responsibility (ACSR), and a Committee on Rights and Responsibilities (CRR). As its name indicates, the CUE deals with problems concerning undergraduate education. The ACSR makes recommendations on how Harvard should vote in the corporations in which it owns stock, and also on how Harvard should invest its money. The CRR was designed to be a sort of "honor court" in which students who had violated some...
...President Bok in the aftermath of a Mass Hall takeover in 1972 over the University's ownership of stock in Gulf Oil--which had extensive holdings in the then-Portuguese colony of Angola--the ACSR had one opportunity this year to give a general opinion on corporate responsibility: its April response to a Securities and Exchange Commission ruling soliciting investors' opinions on amending present corporate disclosure regulations...
...ACSR came out for broader public disclosure of corporations' equal employment hiring trends, political contributions and environmental impact of corporate activities, advising the SEC that such measures were necessary to insure shareholders' "knowledge...
Still, behind the committee's opinion was a liberal hope--stated by some members--that broader disclosure rules would shame many corporations into making internal reforms. The Corporation Subcommittee on Shareholder Responsibility endorsed the ACSR's letter...