Word: acsr
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Part of the reason for this conviction is that the ACSR was roundly lambasted by several of the speakers for being a puppet of the Harvard Corporation. These student and alumni spokesmen asserted that the ACSR serves as a lighting rod to deflect criticism and protest from the real policy makers, the seven members of the Harvard Corporation, whom the ACSR is supposed to advise. These speakers contended further that the Corporation then proceeds to ignore practical: all of the ACSR's counsel regarding South Africa policy. One student went so far as to say that when examined in historical...
While I did not at the time and do not non-subscribe to the view that the ACSR is a puppet group. I believe that because of certain faults in the guidelines governing Committee members' selection and because of the nonuniform way in which these guidelines have been implemented, the Committee representativeness and integrity must be called into question...
With the rise in the 1970s of shareholder resolutions as a way to try to influence corporate policy, the ACSR spent its early years giving advice on how Harvard should cast its proxy votes...
...members of the ACSR had little difficulty agreeing what to advise the Harvard Corporation on most of the resolutions we examined. Twenty-five of the proxy recommendations we made went to the Corporation without a single dissenting vote. Of the remaining proxy votes we took, the number of dissenting opinions was small, usually less than three...
...Corporation had no objection to casting its shareholder ballots in the same way as the ACSR had advised for 12 of the 41 resolutions we considered Last year, the ACSR changed the Corporation's preconceived view on a proxy issue only once. This occurred when we persuaded the Corporation to extend criteria it had adopted for voting on resolutions dealing with nuclear weapons-production in order to embrace resolutions addressing more general military contracts under the same criteria...