Word: ccsr
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...result of initiatives undertaken by the Corporation Committee on Shareholder Responsibility (CCSR) and others suggested by the ACSR, several modifications have recently occurred in the implementation of Harvard's existing policies with respect to such investments. The committee has considered these modifications and other alternatives to existing University policies. This process of study and deliberation has persuaded the Committee that existing policies must be substantially changed. As developed below, however, the Committee is divided on the extent and nature of the changes that are appropriate...
...Harvard Corporation adopted many of the ASCR's specific recommendations and enunciated four basic policies which have, since 1978, guided the decisions of the CCSR and formed the basic framework for the ACSR's recommendations to the CCSR...
...evaluate the affirmative employment practices of those companies in which Harvard holds stock the CCSR has relied on the annual Sullivan Principle reports prepared by Arthur D. Little, Inc., the Investor Responsibility Research Center South Africa Review Service publications, and correspondence with companies that do business in South Africa. The Sullivan Principles are six principles originally developed to guide American-owned companies operating in South Africa. For a signatory company to be rated by Arthur D. Little, Inc., which monitors implementation of the Sullivan Principles, it must meet nine basic requirements with respect to nonsegregation of facilities, equal and fair...
This past year the CCSR proposed and, with the support of the ACSR, initiated a program of intensive dialogue with several of the portfolio companies who are not Sullivan signatories in good standing. This dialogue has consisted of correspondence and personal meetings between the Secretary of the CCSR and company representatives. The CCSR has also written to the other portfolio companies who are not Sullivan signatories in good standing, and intends to engage in more intensive dialogue with them in the near future. The CCSF has stated that it will, as a general guideline, recommend divestment of a company that...
...administrators of the Sullivan Principles, expand the scope and strengthen the content of the existing principles defining the ethical responsibilities of companies with South African operations in relation to employment conditions and other opportunities enjoyed by non-white employees and their families. Recently the ACSR and the CCSR endorsed several shareholder proposals calling on U.S. companies with South African operations to embrace goals recently enunciated by Bishop Desmond Tutu. Some of these goals go beyond the Sullivan Principles and the principles of socially responsible behavior adopted by Harvard in 1978. Bishop Tutu has called on U.S. companies to help ensure...