Word: acsr
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...That's the issue that will be the big issue over the next couple of years," says Professor of Law Lance M. Liebman, who heads the Advisory Committee on Shareholder Responsibility (ACSR...
...ACSR was created in 1972 to advise theCorporation's committee on issues associated withethical investing, but has no formaldecision-making power. Since 1985, Harvard'spolicy of "selective divestment" from companiesthat do business in South Africa has remained thesame, although the University's total holdings inSouth Africa have declined about 30 percent in thelast year as a result of companies deciding ontheir own to divest...
Within the ACSR, Liebman says there are twofactions. "One side views all relationships withSouth Africa as bad," he says, while the othersees the apartheid nation as an "evolvingcountry...
...Here's a company [Mobil] that's doingsome-thing really bad," says Ronald A. Goodman'60, an alumni member of the ACSR. Companies suchas Mobil force the University to ask, "'ShouldHarvard stay with a company to put pressure on itor should Harvard get out?'" according to Goodman...
...story appearing in Tuesday's Crimson incorrectly stated the position of the Advisory Committee on Shareholder Responsibilty (ACSR) on University holdings in tobacco companies, including RJR-Nabisco. The ACSR requested that the Corporation write letters to RJR-Nabisco and Philip Morris asking the companies to explain their marketing techniques in developing nations. The Corporation sent these letters in August. The ACSR will make no further recommendation until Harvard receives replies to these requests...