Word: acsr
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...paying taxes to the white regime there. The demonstrators vacated the building a week later after the University threatened to file criminal charges. While President Bok refused to bow to the students demands, he did offer them one concession: the creation of the Advisory Committee on Shareholder Responsibility (ACSR), a body composed of students, faculty, and alumni which would give the Corporation non-building recommendations on ethical issues it faces in managing Harvard's endowment...
...Southern Africa Solidarity Committee (SASC), founded in November of that year SASC managed to organize a tenuous coalition of disparate minority and political groups into the United Front, and led them through a series of mass rallies and demonstrations that culminated just before reading period. SASC called on the ACSR to recommend to the Corporation that it sell stocks in banks making loans to the South African government, support shareholder resolutions calling for complete corporate withdrawal, and issue a clear, public statement on its investment policies...
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...
...Corporation's record of accepting the ACSR's recommendations on specific investment issues has only been spotty at best. It now seems possible that it may overrule the ACSR's most personal recommendation of all: that it be permitted to continue to make broad policy recommendations...