Word: acsr
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Harvard abstained from voting its $14 million in Mobil Oil stock yesterday on a shareholder resolution to require Mobil's affiliates abroad--particularly in South Africa--to begin programs to establish equal employment opportunities. The Advisory Committee on Shareholder Responsibility (ACSR) had urged Tuesday that Harvard support the resolution...
...Corporation's subcommittee on shareholder responsibility also abstained on an ACSR-backed resolution calling for reports on conditions in the Continental Oil Company's mines. It voted Harvard's $76 million in IBM stock against ACSR-endorsed resolutions calling for shareholder nominations of IBM directors and for information on IBM's South African operations...
Harvard voted its $6 million in Con Oil stock for a resolution to have the company stop searching for oil off the coast of Namibia, and against a resolution to have the company set up an energy policy committee, as the ACSR recommended...
Harvard's newly-formed Advisory Committee on Shareholder Responsibility (ACSR) decided two weeks ago to endorse a shareholder resolution calling for the withdrawal of Phillips Petroleum from Namibia. Several ACSR members stated that the official illegality of South Africa's rule was the crucial factor in their decision...
...Harvard Corporation followed the ACSR's lead and also voted against Phillip's management...