Word: acsr
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...ACSR advises Harvard's governing body on how to exercise the University's shareholder votes on questions of corporate policy and on broader ethical issues related to investments...
...last two years, the ACSR has spent much of its time advising the University on general investment policies for its $3.2 billion endowment, especially the $416 million invested in South Africa...
...ACSR does meet next fall, its agenda will likely include not only general investment policy guidelines, but also consideration of an anticipated Undergraduate Council report on the council's student referendum on divestment, said committee member Wilson C. McLeod, a first-year Law School student. By an almost two-to-one margin, students participating in the referendum supported total divestment from companies doing business in South Africa...
...council report may be released as early as mid-May, but intensive ACSR meetings during reading and exam periods are "absurd from the point of view of students," McLeod said...
...meeting Monday, the ACSR voted on four of the approximately 45 proxies which remain on this year's agenda, Gabarro said. Originally, the group was scheduled to review nine proxy resolutions, but the research center which furnishes the committee with information on companies in Harvard's portfolio was unable to give the ACSR the necessary reports on time, he said...