Word: ccsr
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Concerns about University holdings in South Africa remain firmly atop the agenda of the Corporation Committee on Shareholder Responsibility (CCSR) according to the body's midyear report published last week...
...report from the three-member body made up of Corporation members Charles P. Slichter, Robert G. Stone, Jr., and Treasurer D. Ronald Daniel listed South Africa as the target of over 100 shareholder resolutions. In the CCSR report, current Harvard holdings in companies with operations in South Africa is said...
Harvard has two bodies to consider these resolutions, commonly called proxies: the CCSR, the executive board which makes the final decision, and the Advisory Committee on Shareholder Responsibility (ACSR), which counsels the Corporation...
Although South Africa has been the major issue confronting the CCSR and ACSR sincethe conception of the two bodies, Patrick said theresolutions submitted change with the majorconcerns of the times. This year, for the firsttime, the ACSR will be facing several resolutionsdealing with environmental interests...
Most overseers, however, did not express doubts about the CCSR's compliance withHarvard policy...