Word: acsr
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...Undergraduate Council is likely to withdraw the undergraduate representative to the Advisory Committee on Shareholder Responsibility (ACSR) next week because President Derek C. Bok has refused to reform the advisory group...
...council's report on the ACSR primarily called on Bok to relinquish veto power over representatives selected to the ACSR and to make the body more democratic and accountable to the members' constituencies through elections. Currently, widely varying bodies either elect or appoint alumni, student and faculty representatives, and faculty and alumni appointments are subject to Bok's approval...
...Faculty of Arts and Sciences in 1982 granted the council the duty of appointing the undergraduate representative to the ACSR, which makes non-binding recommendations to the seven-man governing Corporation on ethical issues surrounding the investment of Harvard's $2.5 billion endowment...
...past, Harvard's Advisory Committee on Shareholder Responsibility has considered the issue of the Soviet Union, both in terms of a general policy and on shareholder proxy resolutions voted on each spring by Harvard and other large investors, according to ACSR Secretary Jane W. Sherwin...
...said, however, that the ACSR and the Corporation, to which the body makes its recommendations, have regularly voted against any proxy resolutions which would require taking some sort of political stand on the country...