Word: acsr
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...Committee on Shareholder Responsibility, chaired by Stanley S. Surrey, Smith Professor of Law; and the Corporation's Sub-committee on Shareholder Responsibility, which makes the final policy decisions and consists of four substantial businessmen--last year proved their tenacity to precedents in University policy. President Bok set up the ACSR and the sub-committee less than two years ago, so they didn't have too many precedents to choose from...
Harvard has followed the same line ever since. Last year the ACSR put off a query by Richard Wilson, professor of Physics, on the safety of nuclear reactions built by General Electric and Westinghouse, in which Harvard held a total of $26 million worth of stock. Wilson said Harvard should publicize the problem of the plants' safety even though no shareholder group was doing so, as part of the University's function, "to educate and inform people." The ACSR didn't dispute him, but in its first year it considered only matters where shareholders were sponsoring resolutions...
...obvious solutions sometimes have obvious things wrong with them. For one thing, the ACSR showed its skepticism of study committees last year, opposing activist demands that several companies set them up because they'd dilute management's responsibility. Besides, a study committee was not only part of what ACORN was asking for--not necessarily the ideal way to maintain the Harvard self-image of impartiality--but might itself constitute a precedent besides. If ACORN could ask Harvard to set up a study committee, then so could Concerned Citizens United down in Kansas and Robert Head in Louisiana and anybody else...
...finally finished its new 1000-page impact statement late last month, and one source said this week, after the ACSR's first meeting since January, that the ACSR is considering asking the Corporation to tell AP&L and the Arkansas Public Service Commission it feels something must be done to curb the proposed plant's sulfur dioxide emissions...
...ACSR is by no means rushing into things, and has asked seven Harvard science experts to look at AP&L's impact statement. When the professors report back, the ACSR will make its final decision--probably within the next six weeks--and probably will side, at last, with ACORN...