Word: acsr
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...ACSR asked Harvard to write Exxon's management urging a "re-examination" of the proposed investment in light of these claims, but a majority of the group felt that the ultimate responsibility should be management's, Stanley S. Surrey, Smith Professor of Law and the ACSR's chairman, said Wednesday...
...Angola recommendation-- along with several other recommendations on resolutions directed at Exxon, General Motors and Xerox-- brought to an end the first year of the ACSR, which President Bok set up last October along with a three-man Corporation subcommittee to make the final decisions on Harvard's responsibility as a shareholder...
...committee was embroiled in debate from the start. Shareholder controversy had moved out of the Financial Report and into the streets with the Mass Hall occupation, and skeptics predicted that the new ACSR would be powerless and not very responsive to activist or student demands...
Neither prediction, as it turned out, seems altogether justified. Although the Corporation subcommittee abstained on a number of resolutions the ACSR endorsed, it didn't vote against any of them. And in the course of the Spring Harvard came out for disclosure of corporate activity in South Africa; withdrawal from Namibia, which South Africa rules illegally; and disclosure of political contributions by firms whose "records indicate" that the gifts are substantial...
...other hand, Harvard opposed or abstained on resolutions for disclosure of military contracting, corporate lobbying and, in some cases--and in opposition to the ACSR's stand--corporate political contributions...