Word: acsr
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While the ACSR has recently been linked in many minds with the issue of South Africa, last year's University financial report notes that the ACSR began by investigating shareholder resolutions about "consumer and environmental protection...
...half year Advisory Committee on responsibility (ACSR) this recommendation advising the divest itself from stock in all business in South Africa. The resolution pass--it failed by a six to six tie vote-- fact that the ACSR came close to sweeping a recommendation demonstrates far the committee has evolved in its 11 year history...
...ACSR was an outgrowth of the turmoil of the late 1960s and early 1970s. In the early 1970s, the University was confronted with the question of how to vote on the increasing number of shareholder resolutions that were introduced in companies in which Harvard had large stock holdings. To deal with this spate of resolutions, President Bok established the ACSR in 1972. Its stated purpose was to examine each proxy resolution presented to shareholders of companies in which Harvard has holdings, and advise the Corporation how Harvard should cast its vote...
...same time, Bok also established a separate Corporate Committee on Shareholder Responsibility (CCSR). The CCSR was to receive the recommendations of the ACSR, and then use them to decide how Harvard would vote...
...ACSR was also designed to serve as a conduit between concerned members of the community and the Corporation. As Bok said at the time, "I look to the Advisory Committee as a link with different interested segments who can develop useful information and advice on forthcoming shareholder resolutions and other important issues of shareholder responsibility." The ACSR began this task in earnest, investigating a wide range of ethical issues. ACSR members have traditionally spent much of their time writing to companies to inquire about their business practices, and sounding-out interested individuals and organizations about their opinions of various companies...