Word: acsr
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Last year, I served as the undergraduate representative to the Advisors Committee on Shareholder Responsibility (ACSR), a 12-member body composed equally of students, faculty, and alumni I had conducted some preliminary research of my own and supported the position that Harvard should divest from companies operating in the Republic of South Africa...
Membership on the ACSR not only afforded the opportunity to learn about the South Africa question and other ethical matters of relevance to the University as a stockholder, but also a chance to gain insight into the ways in which an influential institution reacts to an emotionally charged issue that poses a challenge to the very world view of the institution's chief officers. I am speaking of the dilemma that the seven Harvard Corporation members face in deciding how to handle the University's investments in companies doing business in South Africa...
...remainder of our meeting time, we tried to inform ourselves about various aspects of the South Africa issue. We looked into the social, economic, and political conditions in South Africa, the history of the ACSR's recommendations regarding South Africa-related stock and the Harvard Corporation's actions in response: the philosophical questions concerning both the proper role of the University as an ethical actor in society and the part foreign companies play in sustaining or changing apartheid: and the financial implications for the University of whatever policy it should choose to adopt in the future...
...ACSR, which has been at the center of the controversy over Harvard's South Africa-related investments, is made up in equal parts of students, faculty, and alumni...
...four continuing members of the ACSR are: Milton C. Weinstein, professor of policy and decision sciences in the School of Public Health; Theodore Chase '34, a retired lawyer; Ernest Monrad '51, of Northeast Investors Trust of Boston; and Joan Keenan '45 of the John Hancock Mutual Life Insurance Company...