Word: ccsrã
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...slap in face.” Summers told The Crimson last April that Harvard’s CCSR and Advisory Committee on Shareholder Responsibility (ACSR) would consider divestment from other companies financially tied to the Sudanese government “in light of the criteria established in the CCSR??s statement.” The ACSR is a 12-person panel of students, faculty, and alumni that makes recommendations to the Harvard Corporation on ethical issues surrounding Harvard’s investments. However, Harvard has yet to divest from other Sudan-linked companies remaining in its portfolio. Some...
...Corporation expressed concern that companies would be forced to “reveal competitively sensitive information.” The committees did, however, support a request that the Seaboard Corporation issue a report in light of public health concerns surrounding its pork-production division. The report linked the CCSR??s support of the request’s greater clarity and specificity, as well as its focus on “long term public health concerns.” The CCSR also considered 18 proxies requesting that companies including Citigroup, Inc., General Electric, and The Boeing Company provide reports...
Unbeknownst to the protesters, the CCSR??s three members already had voted to sell Harvard’s stake in PetroChina. And it fell to Adjah to announce the decision to the crowd...
...ambiguous relationship between the ACSR and the CCSR, resulting from the CCSR??s veto power, continued throughout the 1980s and through to today...
This is not to diminish the triumph of student activists, who likely had a major impact on the CCSR??s decision. In November, then-HMC President Jack R. Meyer said to The Crimson that “divestment is not an effective way to make social change” and argued that such an action would only eliminate jobs for the Sudanese people. It is safe to assume that no such statements will be uttered by anyone at the HMC anytime soon. This culture change among Harvard’s financial managers will ensure that they will think...