Word: implementation
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Dates: during 1980-1989
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...other response (ours) begins by noting that less than 1% of the black work force of South Africa is employed by American companies. Even if Harvard could get all the companies in which it is invested in South Africa to implement the Sullivan (or similar) principles--something that we have never succeeded in doing--we would still "ameliorate" the lives of less than I percent of the black population. This short-term amelioration for a fractional few must be set against the support which the presence of American companies in South Africa provides to the regime. We know the critical...
Harvard's efforts to implement existing policies have been inadequate. Not a single divestment has been made despite continued or intermittant Harvard ownership over several years of companies who have not demonstrated compliance with the Sullivan Principles or their equivalent. Efforts at dialogue between Harvard and portfolio companies have until this year generally been limited to written correspondence, and there has been little sustained followup when such correspondence failed to secure compliance...
...believe that Harvard's existing policies should be expanded to include and implement these policies, which have already been endorsed (in the contest of votes on shareholder proxy resolutions) by both the CCSR and ACSR...
...believe that portfolio companies should commit themselves to implement these policies. If a company is unable to achieve compliance within a specific period of time it should withdraw from South Africa or Harvard should divest...
...companies are unable to implement the Tutu principles because the South African government actively proscribes them as a violation of South African law, then withdrawal is the proper course...