Word: acsr
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...CSSR will specifically consider a proposed response made last week by the Advisory Committee on Shareholder Responsibility (ACSR), which recommends that the University ask the government to require corporations to disclose summaries of their progress in hiring minorities and women; make available certain confidential reports to government on the environmental impact of their activities; and reveal all of their corporate political contributions...
...CSSR should, for the University, completely endorse these ACSR proposals. Under SEC regulations, the only legal justification for the reforms can be improved information for shareholders and potential shareholders about publicly-held corporations. Yet, as some ACSR members said last week, the social benefits of disclosure reform could affect not only investors, but Americans generally...
...assures close to the ACSR said yesterday that several members of the committee favored corporate disclosure because it would shame certain companies into better performance on socially important issues...
...source added that the ACSR did not include the possible social benefits at corporate disclosure in its proposed letter because the SEC is mainly interested in improvements in investors information and not in social benefits...
...ACSR recommended that corporate annual reports summarize their "trends" in hiring of women and blacks and that political contributions and that environmental impact statements which corporations are usually required to make confidentially to local state and federal governments be made available on shareholders requests...