Word: acsr
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...Like the ACSR, the Radcliffe committee votes on proxy resolutions for each of the companies it invests in, Heffernan says. But unlike the ACSR, the ACIR has never yet drafted a general policy statement toward companies manufacturing nuclear weapons, or conducting business in South Africa So far, Heffernan says the ACIR has closely followed Harvard's lead on investment policy. An observer regularly sits in on all ACSR meetings and reports back to the ACIR, she adds. Radcliffe has "endorsed the spirit" of Bok's 1978 statement opposing divestiture, and its updated version released this spring. But Heffernan says that...
...College." While stating that their task is to manage Radcliffe's affairs "in a very thoughtful and responsible way," Defriez declined to elaborate on how committee members are selected, or what issues have been discussed at recent meetings of the ACIR. Meetings of the ACIR, like those of the ACSR, are closed to the public...
...first time in its 10 and one-half year history, the Advisory Committee on shareholder Responsibility (ACSR) this spring voted on a recommendation advising the Corporation to divest itself from stock in all companies doing business in South Africa. The resolution did not pass--it failed by a six to six tie vote--but the mere fact that the ACSR came close to passing so sweeping a recommendation demonstrates how 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...