Word: acsr
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With Bok's undergraduate constituency, one has only to look to the ACSR's first-year record for evidence of his sincerity...
...midway through this year's round of proxy decisions, the Corporation sub-committee has consistently displayed a willingness to take the ACSR seriously. Already, it has followed ACSR conclusions in voting for disclosure resolutions at Caterpillar Tractor Co., Phillips Petroleum, Standard Oil, Union Oil, and, in part, General Electric. The proxies represent stock worth over $25 million...
...other resolutions, the Corporation subcommittee has departed from the ACSR but has abstained rather than vote with management. For both the Kodak and ITT resolutions calling for disclosure of political contributions, the Corporation said that unless such contributions were of "proven significance," it would hold back...
Moreover, the subcommittee, n supporting the shareholder resolution at Caterpillar, followed the ACSR even though it disagreed with some of the disclosure provisions. Hugh Calkins '45 wrote Caterpillar explaining the Corporation's decision to vote against management, despite the subcommittee's reservations about the "full extent of the disclosure requested" and about a provision calling on the company to send each stockholder disclosure information...
...ACSR has also called for disclosures by all large groups, not just corporations, but it wants Harvard to support disclosure resolutions now. "It is obvious that financial support plays an important role, in political campaigns," the committee said. "A shareholder is therefore entitled to know to what extent and in what manner a corporation is using its financial resources, or assistance to political funds, to assist the political process...