Word: acsr
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...ACSR, created in 1972, has been involved in formulating Harvard's much-protested policies toward South Africa-related issues, and has been criticized because its members rarely decide to deviate from the Corporation's policy of investing in companies doing business in that country...
Breaking with a long tradition, the ACSR two years ago voted that the Corporation totally divest of such stock for ethical reasons. Last year, however, it reversed itself, deciding instead to help Harvard refine its present investment policy...
...recently released review of the ACSR by an ad hoc committee of the Board of Overseers, Harvard's secondary governing body, echoed Bok's views. The report, prompted in part by Undergraduate Council criticism, substantially supported the ACSR's design and praised its effectiveness...
Theodore Chase '34, a former alumni member of the ACSR and an author of the Overseer report, said yesterday that the council's criticism of Bok is "silly. The president does not make appointments himself, but without exception approves the appointments of students, faculty and alumni. The president must reserve power over appointments; what else is a president...
...Certainly the council's [with-drawal] will not reform the ACSR, and it will just go on without an undergraduate representative," said Chase