Word: acsr
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...President Bok to take the ACSR report seriously, because it reflects widespread concern in the community about where Harvard's $2.7 billion endowment goes. But at the same time, the action of divesting ultimately promises only inaction on the South African question...
...TOOK MORE than a decade of petitions, marches, hunger strikes and impassioned debate, but the Advisory Committee on Shareholder Responsibility (ACSR) last week finally voted for unilateral University divestiture from companies that do business in South Africa...
...applaud the ACSR decision and call on President Bok and the Corporation to drop their less and less convincing defense of American corporate investment in South Africa as a valid route to abolishing apartheid...
...ACSR report states the situation clearly. "Less than I percent of the Black workforce of South Africa is employed by American companies Even if Harvard could get all the companies in which it is invested in South Africa to implement the Sullivan (or similar) principles--something that we have never succeeded in doing--we would still 'amchorate' the lives of less than one percent of the Black population...
...Management Company should annually report to the CCSR and the ACSR concerning its policies and practices with respect to the acquisition and evaluation of information concerning the South African operations and policies of companies which it is considering for investment...