Word: ccsr
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Hugh Calkins '45, member of the Corporation and chairman of the Corporation Committee on Shareholder Responsibility (CCSR), this week pledged to reduce Harvard's rate of abstention on stockholder resolutions through improved "procedural efficiency" in its relations with the ACSR...
Putnam and Robert Stone, another member of the Corporation's Committee on Shareholder Responsibility (CCSR), said they would seek a policy allowing the University to treat each loan individually...
...CCSR displayed an equal ignorance about realities in South Africa in its argument not to support an IBM shareholder resolution forbidding computer sales to the South African government. The Corporation claims the resolution would prohibit sales to such harmless institutions as hospitals and schools. With such logic, the University will never take any steps to wield its shareholding power against the South African military, which buys three-quarters of its computers from IBM. Past experience shows the government orders computers for "harmless institutions" and then passes them on to places like population control centers...
...abstaining on these two resolutions, the CCSR has essentially voted "no"--no to moderate shareholder resolutions to curb the apartheid regime; no to students at Harvard who have lobbied the University for three years to take action against South African racism; and, worst of all, no to the Black South Africans who suffer as a result...
...CCSR's abstentions show that the Corporation will listen to ACSR's voice when its "moderation" equals no steps against South Africa, but will quickly ignore its recommendations if they step beyond moderation towards responsible action. The Corporation's bald hypocrisy on these resolutions shows it wants the ACSR to help deflect student protest, but would rather it kept its conscience to itself...