Word: acsr
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...aren't familiar with these dealings, you aren't alone. Neither is the Advisory Committee on Shareholder Responsibility (ACSR), the student, faculty and alumni group formally charged with advising the Corporation on the ethics of its investment strategy...
...billion into the high-risk and high-yield realm of "private placement" investing that includes venture capital and leveraged buyouts. Although profitable, such deals have been recently questioned by Congressional panels and consumer advocates for their ethical and economic implications. But because these deals aren't covered by ACSR, they haven't been questioned at Harvard. Now it's time to start...
Currently the ACSR is the only group that has any role in setting ethical guidelines for University investments. Harvard's recent forays into the realm of venture capital and other untraditional high-risk investments demonstrate that the ACSR is woefully underequipped for this task. In order to remedy this situation, we suggest the following measures...
...University should expand the role of the ACSR so that it meets for the entire year, rather than simply for two months...
While Huang said his group had asked to meet with Bok to discuss tobacco investments, Kaim F. Lalji of the University's Advisory Comittiee on Shareholder Responsibility (ACSR) said that the request was declined because Harvard does not currently hold any stock in tobacco companies...