Word: slichter
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...Slichter, who chaired the CCSR for morethan a decade, says Harvard should not move beyondproxy decisions to include moral questions inselecting stocks...
...Charles P. Slichter '45, former Corporation member and former chair of the CCSR, says that such moves are "unusual...
...Slichter says the committees were established to free HMC of handling proxies, allowing it to focus on one thing: making money. But the CCSR is not so single-minded, choosing to consider the monetary as well as the ethical consequences of investment...
...fact, Slichter says the real reason Harvardcreated the committees was simply because theUniversity was obligated to come up with decisionsfor proxy votes, a responsibility which took toomuch of HMC's time...
...practical matter is that there are acertain set of issues, [and] Harvard is requiredto vote our shares," Slichter says. "This is animportant responsibility and the Corporationdecided Harvard needed a committee that wouldexamine the issue...