Word: acsr
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...advise it on how to vote shareholder petitions, the Corporation, in 1972 created the Advisory Committee on Shareholder Responsibility (ACSR), a 12-member group composed in equal parts of alumni, students and faculty. The ACSR's recommendations are advisory to a subcommittee of the Corporation itself, the four-member Corporation Committee on Shareholder Responsibility (CCSR). The body makes a final review of all proxy votes and makes recommended as to the full seven-man governing body...
...recent years the ACSR has spent the majority of its time focusing on such investments, but some members of the advisory group have discussed finding that trend and focusing their energies on other shareholder issues...
...addition to the South African-issue, the ACSR is considering resolutions calling for the University to establish specific guidelines for investments in companies with military contracts and companies involved in nuclear energy, Sherwin said...
...ACSR might also restrict itself to only making recommendations to the Corporation on how the University should move on individual proxy votes, Sherwin said. Proxy votes--the majority of which take place in the Spring--provide shareholders with a way of determining corporate policy...
...ACSR has also not concluded whether it will reconsider or vote again on the group's recommendation last Spring to divest of companies in South Africa...