Word: acsr
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...third recommendation, supported by half the Committee, was for total divestiture. Although the recommendation failed to garner the support of a majority of the ACSR, the fact that it had been voted on--this was the first time that the ACSR had considered such a motion--and that it received the support of alumni and Faculty members as well as students was in itself very significant...
...CCSR's reponse to the ACSR's recommendations proved to be a bitter disappointment to myself and the other student members on the Committee. The CCSR refused to commit itself to the exclusive use of the Sullivan Principles--or any other fixed or explicit set of principles--as the standard to rate corporate behavior. It acknowledged that indefinitely long dialogue with companies was "not a satisfactory course of action," yet it avoided establishing any definite deadlines on such dialogue. In response to the ACSR's most minimal recommendation--for the use of ethical criteria in investment decisions--the CCSR indicated...
...much for the Harvard Corporation's concern for the burning moral issue of corporate involvement in South Africa. Before I began my own term on the ACSR, I tended to give the Corporation the benefit of the doubt when it came to the moral sincerity of its South African policy. When cynics suggested that the Corporation used the ACSR merely as a shield against student discontent I responded, with a Philosophy's concentrator's confidence in moral debate, that if the ACSR's facts and arguments were good enough they would have a significant effect on the Corporation's policy...
...ACIR was formed in the fall of 1981 to examine just these issues of investment policy. Modeled along the lines of Harvard's Advisory Committee on Shareholder Responsibility (ACSR), the ACIR is technically a more powerful body than the ACSR. While the ACSR only advises the Corporation. Heffernan points out that the ACIR's decisions are binding, and immediately become the official Radcliffe position on investment issues...
Membership in the ACIR is, however, much more narrowly prescribed than the membership of Harvard's ACSR. The ACIR consists of five voting members, four members of the Radcliffe Board of Trustees, and one Radcliffe student, Heffernan says. In addition, the President of Radcliffe, the vice president for financial affairs, and the chairman of the Board of Trustees are all non-voting members. By contrast, the ACSR includes an even mixture of four Faculty members, four alumni and, four students. And while the ACIR student member is chosen by the Radcliffe Trustees without consulting the Radcliffe Union of Students...