Word: acsr
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...three-member Corporation committee of D. Ronald Daniel, Robert G. Stone Jr. and chair Charles P. Slichter '45 receives recommendations on South Africa investments from the Advisory Committee on Share-holde Responsibility (ACSR), a group of four faculty members, four alumni and four students formed...
...surprisingly, Harvard has a handful of oversight committees to make sure its officers act ethically. (The Corporation Committee on Shareholder Responsibility (CCSR) and the Advisory Committee on Shareholder Responsibility (ACSR) are only the most well known.) But when you look closer, Harvard constantly subverts its own teachings about ethics. These committees don't cover very much of Harvard. And in the limited areas they do cover, Harvard deprives them of real power...
This blatant conflict of interest could have been avoided with a greater sense of propriety on the part of HMC and with a broader jurisdiction for the oversight groups. There is an entire dimension of Harvard's investment holdings that are not subject to scrutiny by the ACSR. And to call the CCSR an oversight group is like calling Bok a student activist...
Money is good. Money can ensure the University's security in a financially unpromising future. But the Wall Street types who play with Harvard's money need to be watched. The Advisory Committee on Shareholder Responsibility (ACSR) knows very little about Harvard's investment practices...
Rudenstine should also expand the role of the student-faculty ACSR and empower it to enact strict ethical guidelines for investments which all University affiliates would be bound to follow...