Word: ccsr
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...surprisingly, Harvard has a handful of oversight committees to make sure its officers act ethically. (The Corporation Committee on Shareholder Responsibility (CCSR) and the Advisory Committee on Shareholder Responsibility (ACSR) are only the most well known.) But when you look closer, Harvard constantly subverts its own teachings about ethics. These committees don't cover very much of Harvard. And in the limited areas they do cover, Harvard deprives them of real power...
...interest could have been avoided with a greater sense of propriety on the part of HMC and with a broader jurisdiction for the oversight groups. There is an entire dimension of Harvard's investment holdings that are not subject to scrutiny by the ACSR. And to call the CCSR an oversight group is like calling Bok a student activist...
...letter protests a jump in the value of the holdings from $138.9 million in June 1989 to $223.3 million in June 1990. According to the latest annual report of the Harvard University Corporation Committee on Shareholder Responsibility (CCSR), the jump was caused by an increase in the value of the shares Harvard previously held and the "purchase of additional shares in five portfolio companies...
When council members raised this point, the bill was set aside and rewritten, before being passed last night. The letter currently addresses only the one-year period covered by the CCSR report...
...CCSR--The Corporation Committee on Shareholder Responsibility is a group made up of Treasurer D. Ronald Daniel, and Corporation members Charles P. Slichter '45 and Robert G. Stone, Jr. '45. It considers the recommendations of the ACSR and then sets the Corporation policy on the social and ethical issues involving most Harvard stock...