Word: acsr
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Prior to the report, the ACSR held that Harvard could essentially confine its attention to reforms in the workplace of companies operating in South Africa. The committee accepted lengthy schedules for implementation of reform and recommended divestiture as a rare measure to be used only in desperate cases...
...ACSR is a standing committee formed in 1972 to advise the seven-man Harvard Corporation on ethical investment policy. There are four student representatives to the committee, one from the College and three from graduate schools, four faculty representatives and four alumni representatives...
...last major ACSR statement on University investment in South Africa came in 1978. In that statement, the committee called for the University to concentrate its efforts on persuading companies in which it invests to abide by the Sullivan Principles, minimal guidelines for ensuring that non-white workers in American companies are not discriminated against...
...Incremental improvements in the work-place really aren't the issue. If you want to change the South African system you have to work through legislative activity," Professor of Engineering and Applied Mathematics Myron Fiering, an ACSR faculty representative, said after the report was released...
...following are excerpts from the report issued earlier this week by the Advisory Committee on Shareholder Responsibility (ACSR). Part II, which recommends that Harvard divest from all companies doing business in South Africa, was supported by six members of the committee and opposed by five, with one abstention. Part III was supported by 11 members of the committee, with one abstention...