Word: divesting
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...recommendation issued yesterday by the Advisory Committee on Shareholder Responsibility (ACSR) that Harvard divest its holdings in companies operating in South Africa or, failing that, make broad changes in its investment policies represents a substantial realignment of the committee's conception of Harvard's responsibilities as an investor in the apartheid state...
Harvard accepted many of the 1978 suggestions. Under current policy, the University will divest from companies that do business in South Africa only if they refuse to adopt and work to fulfill the Sullivan Principles or similar guidelines, if repeated efforts to persuade them to do so have failed and if there is no hope for improvement in work-place conditions for non-whites...
...following are excerpts from the report issued earlier this week by the Advisory Committee on Shareholder Responsibility (ACSR). Part II, which recommends that Harvard divest from all companies doing business in South Africa, was supported by six members of the committee and opposed by five, with one abstention. Part III was supported by 11 members of the committee, with one abstention...
Part I of this report sets forth the recent history and background of Harvard's policies with respect to such investments. Part II concludes that Harvard should divest itself of all shareholdings in companies doing any business in South Africa. Part III recommends major changes in the principles of social responsibility applied by Harvard to portfolio companies with South African operations; specific deadlines for executing those changes; and a regular process of monitoring and reporting on the implementation of Harvard's policies with respect to such companies...
...point here also isn't that everyone who believes Harvard must divest thinks the President and Fellows of Harvard College are racist nightriding scum. Indeed, the vast majority of the marchers in front of Mem Hall were likely very embarassed by what one historical revisionist had to say about what President Bok would have done had he been President Andrew Johnson...