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...this organization upon which both the ACSR and the Corporation subcommittee rely for much of their information about social issues. The IRRC has affected other institutions as well; the most notable, perhaps, is Cornell, where this spring the trustees have voted proxies against management at ITT, Mobil Oil and Kodak...
...combination, the IRRC and the internal process represented by the ACSR and the Corporation subcommittee have increased the likelihood that Harvard's proxies will be voted on the basis of merit and not on blind prejudices. Regardless of how the Corporation votes this week on IBM, Continental Oil and Mobil -- and there is more room for disagreement with the ACSR this time -- the precedents set this Spring reflect a thoughtfulness previously missing in proxy policy...
...Princeton University Council Resources Committee, a group similar to Harvard's Advisory Committee on Shareholder Responsibility, decided last week to advise Princeton trustees not to support any of five proposed shareholder resolutions to IBM, Mobil Oil, and American Metal Climax...
...committee advised the trustees to reject proposals calling for Mobil Oil to implement affirmative action employment programs in nations where it invests, for IBM to disclose its business operations in South Africa, and for American Metal to do "whatever is feasible" to reduce environmental damage caused by its operations...
...addition, they supported a move to have Mobil enact a resolution which would require Mobil to begin equal-job-opprotunity programin all foreign countries, including the Republic of South Africa, to augment those it now runs in the United States...