Word: ccsr
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...vote shareholder petitions, the Corporation, in 1972 created the Advisory Committee on Shareholder Responsibility (ACSR), a 12-member group composed in equal parts of alumni, students and faculty. The ACSR's recommendations are advisory to a subcommittee of the Corporation itself, the four-member Corporation Committee on Shareholder Responsibility (CCSR). The body makes a final review of all proxy votes and makes recommended as to the full seven-man governing body...
...issue on which the Corporation has spent perhaps the most time in the last 12 years is that of investor responsibility. Through the four-member Corporation Committee on Shareholder Responsibility (CCSR), chaired by retiring 16-year Corporation veteran Hugh Calkins '45, the board has grappled with the issue of how to handle investments in companies which do some business in South Africa...
...CCSR has developed and implemented Harvard's policy of "intensive dialogue," under which the University attempts to persuade companies with South African operations to implement a set of progressive measures to offer Blacks advancement opportunities and educational benefits The University recently reported the results of its initial intensive dialogue efforts, including the first divestiture of stock from a company which had failed to meet Harvard's ethical standards for firms with business in the apartheid state...
...their active compliance with these basic anti-apartheid principles. The outcome of these dialogues, including those described in the accompanying Progress Report, is as follows. Seven companies initiated concrete steps to demonstrate compliance with the above mentioned principles. Four other companies provided the Corporation Committee on Shareholder Responsibility (CCSR) enough information on their existing activities to satisfy the concerns that had led the CCSR to initiate the dialogue. Communications with three companies are still in progress, and Harvard disposed of the stock of four other companies in the normal course of business while communications were still going on. Finally, Harvard...
...CCSR argued that divestment would...