Word: africa
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Dates: during 1970-1979
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...ACSR also decided that in the case of South Africa, the corporations themselves would have to prove their good citizenship. The ACSR listed a series of guidelines that companies choosing to remain in South Africa should follow in order to "ameliorate the effects of apartheid with respect to their own employees, even where such action impinges on profitability." The guidelines are based on principles first proposed in 1977 by Rev. Leon Sullivan, a director of General Motors Corporation, and would require a company to end discriminatory practices in employment and working conditions...
...addition to improving employment practices and policies, companies operating in South Africa should provide descriptions of product lines and services offered in South Africa, reports on sales to the South African government and its public corporations, reports on the extent to which labor practices meet the ACSR's criteria, and an annual income statement and balance sheet for operations in South Africa, the ACSR stated...
With divestiture essentially ruled out as a way to change corporate policy, the ACSR turned to the question of how to vote shares in Harvard's portfolio, specifically on resolutions calling for the withdrawal of corporations from South Africa. Unable to reach a consensus, the committee recommended evaluating the question of withdrawal on a company-by-company basis...
...nature of the company's operations in South Africa is such that its continued presence inevitabley does more to strengthen the existing regime than progressive employment and social policies can contribute to the welfare of non-white employees and the eventual destruction of apartheid...
...believes the ACSR faces two major problems in deciding on questions of withdrawal. First, the committee must acquire "a decent base of information on which to judge," he says. "The second problem is you have to have some feel for what is net negative and net positive in South Africa," he adds. To obtain information, the ACSR and Corporation often write directly to companies, and sometimes Corporation members who know company directors can use their personal relationships to extract information...