Word: acsr
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...Harvard, which refuses to own stock in some companies because it does not wish to be associated with particular economic activities (gambling; prostitution), should seriously consider placing the production and sale of cigarettes in that category," according to an internal memo written by the Advisory Committee on Shareholder Responsibility (ACSR). The ACSR is a panel of faculty, students and administrators which advises the Corporation on ethical investing...
...ACSR raised the possibility of divestmentafter a shareholder-sponsored resolution thisspring called for the two companies to report ontheir advertising and promotion campaigns indeveloping nations. The proxy fight, which wassponsored by an activist Jesuit order inMilwaukee, was not targeted against the companies'domestic business...
...require companies to divest from South Africa if they adhered to the Sullivan principles and did not provide "strategic supplies" such as oil and weapons to the South African government, said Professor Lance Liebman. who is currently serving as chairman of the Advisory Committee on Shareholder Responsibility (ACSR...
...ACSR is a 12 member committee made up of University faculty, students, and alumni that advises the CCSR on how to vote its shares of corporate stock...
Leibman said that this year, the ACSR will focus on how the University should respond to "new developments" in South Africa--including press restrictions and military crackdowns--as well as Reverend Sullivan's repudiation of the principles that bear his name...