Word: acsr
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Professor of Law Richard B. Stewart, ACSR chairman said many in the Corporation feel that "the Good Housekeeping seal of approval" provided by a strong Sullivan rating is sufficient. But he added that Harvard's after-investment policy is becoming less satisfactory because the Corporation buys and sells stock in large volume and at short notice...
...attitude in this year's council is summed up in a letter Council Chairman Gregory S. Lyss '85 wrote to President Bok to introduce another council effort--a report on the history of the Advisory Committee on Shareholder Responsibility (ACSR): "No longer do we take positions on an issue, but we have changed to researching and making proposals...
...council can point to an impressive record of accomplishments this year; reports have been issued on such issues as free speech, the freshman housing lottery, freshman academic advising, teaching fellows, history course offerings and the ACSR. These reports should inspire actual policy changes next year...
South Africa is a unique case of injustice. "It is the only government in the world which constitutionally requires the separation of races as the cornerstone of its policies," the ACSR report says. Accepting that South Africa is unique, a vote for divestiture sets no precedent for action elsewhere...
...course, unlikely that Bok will suddenly drop his philosophical objection and embrace the new ACSR line. But, he must take the report more seriously than he has taken student protesters. The ACSR, traditionally a lightning rod to deflect student discontent, has now passed the buck...