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...There is a good deal more disclosure, openess and candor (in this report) than there was before," said CCSR Secretary Michael Blumenfeld. The report, "is in large part a response to the ACSR report which said 'lets see the numbers," he added...
...CCSR receives and passes final judgement on recommendations received by the Advisory Committee on Shareholder Responsibility (ACSR). The ACSR is a 12-member group composed of students, faculty and alumni in equal proportions...
Last year, in a major report on University policy toward companies that do business in South Africa, the ACSR voted 6-5 with one abstention to recommend that Harvard sell all the stock it holds in companies that do any fraction of their work in South Africa. Failing unilateral divestiture, the ACSR urged the Corporation to strengthen its advocacy of the so-called Sullivan principles and make corporate adoption of the Tutu Resolutions prerequisites for continued University investment...
...CCSR is scheduled to discuss several issues that were not addressed in the report--all involving University policy on South Africa--at a joint meeting with the ACSR to be held Monday afternoon, Blumenfeld said...
Members of the ACSR contacted last night said they welcomed the openness of the report and hoped the information it contained would raise the level of debate within the Harvard community on questions of investment policy...