Word: ccsr
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...ACSR meets twice a year with a subcommittee of the Corporation called the Corporation Committee on Shareholder Responsibility (CCSR). On April 4, the entire ACSR joined the four-man CCSR for breakfast at the Faculty Club, expecting an hour and a half of ethical dialogue. What took place was closer to a briefing on Corporation policy. The discussion, as always, was extremely civil. The ACSR, through Professor Salmon, expressed its dissatisfaction with the Corporation's current policy. Hugh Calkins '45, the chairman of the CCSR, reiterated the Corporation's stance, and indicated that the Corporation wanted to avoid using ethical...
...company in its portfolio. Much to the dismay of Bennet, the Corporation voted to back proposals asking both GM and Ford to disclose information about their business practices. And in the fall, Bok created the Advisory Committee on Shareholder Responsibility (ACSR) and the Corporation Committee on Shareholder Responsibility (CCSR), which have guided the the University's ethical investment policy ever since...
...students, faculty and alumni but later reduced to 12--was similar to committees established at other universities to examine ethical questions of shareholder responsibility. The ACSR has no actual power, it can only consider the dozens of resolutions facing the university each year and make recommendations to the CCSR which has total responsibility for casting Harvard's proxy votes...
...both opposed a resolution asking American Telephone and Telegraph (AT & T) to set up a review committee on a nuclear weapons laboratory. When the resolution was resubmitted this year--perhaps because of a new mood in the country or because of changing membership--the ACSR endorsed it. But the CCSR, not refused to follow the Advisory Committee's lead. The Corporation did not actually oppose the resolution but abstained. Not voting is usually interpreted by a company as a vote for management, but when it abstains. Harvard is careful to make save the company does not do this, and records...
...statement released yesterday, the Corporation Committee on Shareholder Responsibility (CCSR) said it decided to abstain because it did not wish "to establish a confused or inconsistent record" on shareholder resolutions, since the ACSR has in two years come to two separate conclusions on the same issue in close votes. Last month, the ACSR approved the resolution 6-4 with one abstention...