Word: stevenses
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Dates: during 1970-1979
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President Bok established the ACSR in 1972 to advise the Corporation on shareholder resolutions and on the general social and ethical responsibilities it faces as a shareholder. The Corporation follows the ACSR's recommendations 85 to 90 per cent of the time, according to Lawrence F. Stevens '65, secretary of...
Since 1972, the ACSR has had the responsibility of seeing that Harvard invests its money and votes its proxies. Stevens says "The very fact that this is a public community process is already a position by the Corporation on behalf of its responsibility as a shareholder." But whether the process...
Stevens believes the ACSR faces two major problems in deciding on questions of withdrawal. First, the committee must acquire "a decent base of information on which to judge," he says. "The second problem is you have to have some feel for what is net negative and net positive in South...
Says Stevens: "The charge has been made so often that the University has no policy. It has a very clear policy. It has one of the few clear policies that exist at any university-type investor in this country."
But Stevens acknowledges that the policies are still a matter of debate. "The question is not whether we have a policy or not, but whether the policy we have goes far enough," he says. Many people, including the hundreds of members of campus organizations and the thousands of students and...