Word: reviews
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Dates: during 1970-1979
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...last year the Harvard Corporation took the offensive in the debate over its investments. It issued a lengthy progress report on its case-by-case review of corporations in South Africa, rife with intracacies and obfuscations. President Bok's open letters, which called total divestiture unjustifiable and a threat to Harvard's academic freedom and financial longevity, gave the Corporation the appearance of concern and served to further anesthetize student opposition...
...three days later the Harvard Corporation issued a report rejecting student demands. Instead, the Corporation said it would review corporate practices in South Africa on a case-by-case basis and talk to the management of banks loaning to South Africa before divesting of its non-voting stock shares...
...information on their criteria for deciding whether to make loans. And it all but rejected a policy of initiating shareholder resolutions, saying resolutions requesting information were frequently justifiable, but those demanding action were often futile. December brought into question the effectiveness of the ACSR and its case-by-case review of corporations in South Africa. The undergraduate committee member charged the committee was undemocratic and tended to stall on the issues before it. The resignation touched off a University-wide call for the ACSR's reform. Bok refused to accept two structural reforms of the ACSR that would ensure...
...ACSR progress report on its case-by-case review in February reinforced skepticism over the committee's effectiveness. The committee noted the difficulty of collecting information on corporate practices...
...game. The Corporation did not even discuss the South Africa issue during the summer and, according to Daniel Steiner '54, general counsel to the University, President Bok may issue more open letters if "topics come up of widespread interest." In addition, the ACSR will continue inconclusive and seemingly endless review of corporate practices in South Africa...