Word: stevenses
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The issue became the ACSR's credibility. Stevens says that the ACSR's decisions are inconsistent--and perhaps invalid--because almost half the committee turns over every year. But the Corporation craves consistency--so Stevens spent the summer planning how the ACSR can investigate each company more thoroughly so its...
The issue became the ACSR's credibility. Stevens says that the ACSR's decisions are inconsistent--and perhaps invalid--because almost half the committee turns over every year. But the Corporation craves consistency--so Stevens spent the summer planning how the ACSR can investigate each company more thoroughly so its...
Should the ACSR approve Stevens's proposal this fall, the Corporation will scale down its annual review of company practices in South Africa from 50--the number in which it holds investments--to about eight. Hugh Calkins '45, chairman of the Corporation's Committee on Shareholder Responsibility, said in the...
If the opinion of Gordon D. Kaufman, Mallinckrodt Professor of Law and an ACSR member, is any indication, the other committee members will encores Stevens's plan. Because the ACSR had investigated a company only at the request of another shareholder, "last year's system left us in the position...
Citing the University's continuing commitment to checking South African investments, Stevens is optimistic about the new plan. Under the old policy, he says, "you ended up knowing a little bit about a lot of companies." But Vagts is more cautious. He hints at differences that linger between the ACSR...