Word: acsr
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...response to this recent spate of ACSR votes, Calkins announced late last month that the Corporation would begin investigating the possibilities of prescreening companies. Earlier in the spring, however, Bok reaffirmed his 1978 South African statement that Harvard does not consider divestiture an effective way of expressing disapproval of the apartheid regime...
...ACSR members had varying reaction to Calkins's statement. Alumni member George M. Dallas '56 says he is pleased with the Corporation's willingness to consider changing its current policy, adding that the ACSR should now wait to hear what the Corporation decides before resuming a discussion of the South Africa question. But Jonathan Cedarbaum '83, this year's undergraduate member, says that Calkins's statement merely shows how wide the gap is "between the Corporation's rhetoric and both its actual concern and practice" for the plight of Black South Africans. His term on the ACSR revealed...
More than any other point in its history, members of the ACSR now seem to sharply differ with the Corporation on how it can be most effective. All the committee members say that the ACSR has been most useful when it has made broad policy statements. Yet Calkins says that while these broad statements are valuable contributions to the general discussion, recommendations on individual shareholder resolutions should continue to be the ACSR's major charge...
Ironically, the greatest debate the ACSR seems likely to enter into in the next year will not center on any particular issue, such as South Africa, but rather this broader question of just what the ACSR's role should be. The Harvard Board of Overseers formed a special ad hoc committee last December to begin examining the development of Harvard's investment-monitoring apparatus. Roderick Park '53, chairman of the seven-member committee, says that his group has been meeting with members of the ACSR, the Corporation, and others, and will issue a report this December on the status...
Park says that if the University decided that the ACSR really does function best by making recommendations on a case-by-case basis, it should consider developing a second body specifically charged with discussing the broader issues of investment policy. This is a suggestion that has not been publicly made before, and members of the ACSR say that it would needlessly remove from them a task they are now performing well. Walter J. Salmon, the ACSR's outgoing chairman, says that the ACSR no longer needs to continually treat the same recurring issues one case at a time, but would...