Word: acsr
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Burdened with an unusually large number of proxy resolutions, the Advisory Committee on Shareholder Responsibility (ACSR) may meet in extra sessions next fall to consider broad questions about the University's investment policy, committee members said yesterday...
...number of ACSR proxy resolutions increased from 31 to roughly 90 in the last year due to a change in Securities and Exchange Commission laws making proxies easier, Gabarro said...
...Monday meeting, the ACSR "dealt with repeats, with resolutions which had strong precedent, and with resolutions we thought we could treat in groups," Gabarro said...
Relying heavily on precedents from past years, the ACSR made decisions on 43 proxies--almost half of its spring load--at the meeting, Gabarro said...
...ACSR will not release the results of its votes until after the Corporation's Committee on Shareholder Responsibility, which has final say over Harvard holdings, has decided whether to follow the advisory committee's recommendations...