Word: acsr
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When Harvard created the Advisory Committee onShareholder Responsibility (ACSR) in 1972, theUniversity became a leader in the area of socialresponsibility among large investmentinstitutions...
...entry into private placementinvestments has left the ACSR deprived of a formalvoice on the ethical issues concerning more than a$1 billion chunk of the endowment...
Ramasastry said yesterday that there seemed tobe a consensus within the ACSR that the membersshould be more fully informed...
Although several ACSR members said that they spoke at Monday's session in support of expanding the role of the oversight committee, ACSR Chair William A. Sahlman said yesterday that he did not think there was a need to change the current system...
...Several ACSR members have said that they feelunable to make recommendations to the Universityabout investments since they do not know exactlywhat Harvard was invested...