Word: ccsr
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...Corporation’s decision to divest was made by the three-member Corporation Committee on Shareholder Responsibility (CCSR), which considers investment issues of this nature. The twelve-member Advisory Committee on Shareholder Responsibility (ACSR), students, faculty, and alumni, had advised the CCSR to divest...
Mirroring recent years, environmental issues comprised the bulk of the proposals considered by the Corporation. CCSR tackled several proposals for corporate sustainability reporting, in which companies are asked to assess their performance in the environmental and social spheres. Both committees abstained on or opposed resolutions for many corporations, including General Electric—a company whose size, ACSR members said, made such a report an “enormous task...
...committees split when ACSR members voted to recommend corporate sustainable reporting for Safeway and Kinder Morgan and CCSR members abstained on the proposals for these companies...
...committees also dealt with concerns about genetically engineered food products, voting down proposals for Kellogg, Yum! Brands and Safeway to report on their use of these ingredients. Such a review could instill fear in consumers who are unaware that competitors use these ingredients as well, said ASCR members. CCSR member D. Ronald Daniel is a former director of Yum! Brands, which owns KFC, Taco Bell and Pizza Hut restaurants. The two other CCSR members are James R. Houghton ’58 and Conrad K. Harper...
While ASCR narrowly recommended the proposal for ExxonMobil, CCSR abstained, citing the resolution’s poor wording—and instead, wrote a letter to the company’s management asking it to address the proposal’s concerns. CCSR member Houghton, a former chairman of the ExxonMobil, is a director on its board...