Word: ccsr
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...report released yesterday by the Corporation Committee on Shareholder Responsibility (CCSR) said that Harvard plans to maintain its current policy of investing in companies doing business in South African as long as those companies adhere to the Sullivan Principles...
...CCSR, which establishes and implements portfolio guidelines and votes proxies for the Harvard Management Company, wrote in the report that Harvard supports "practices such as those outlined in the Sullivan Principles, designed to provide equitable treatment for black and white workers...and strong support for the black community of which the company is a part...
Last year, the CCSR voted not to require companies to divest from South Africa if they adhered to the Sullivan principles and did not provide "strategic supplies" such as oil and weapons to the South African government, said Professor Lance Liebman. who is currently serving as chairman of the Advisory Committee on Shareholder Responsibility (ACSR...
...ACSR is a 12 member committee made up of University faculty, students, and alumni that advises the CCSR on how to vote its shares of corporate stock...
...support a policy of selective divestment," said Roderick M. MacDougall, the chairman of the CCSR and Harvard's treasurer MacDougall said that Harvard should support "companies that are doing more good than harm [in South Africa] by their presence there...