Word: acsr
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...Advisory Committee on Shareholder Responsibility (ACSR) recommended yesterday that Harvard support a move requiring corporations to disclose information on the progress they have made in minority and female hiring...
Donald F. Turner, ACSR chairman and professor of Law, said yesterday that the committee voted to recommend the letter be sent to CBS because "some people on the ACSR wanted to say something indicating that they were in favor of fair reporting of the news; to say nothing would imply that we were not concerned about this issue...
...ACSR also voted to abstain on resolutions presented to the stockholders of CBS and of the international Business Machine Corp, that called for the company to adopt cumulative voting for the election of directors...
Turner said the ACSR "has just been ducking that issue" because it does not feel it has sufficient information to make a judgment, but what the release called "a significant minority" voted to have the committee recommend a favorable response to the proposals...
Turner also said yesterday that the ACSR will have a special meeting Tuesday to consider non-proxy issues relating to disclosure of environmental performance and minority employment. The Securities and Exchange Commission has asked the University to comment on a rulemaking procedure about these issues...