The Project for Corporate Responsibility has placed two proposals on the Ford Motor Company proxy statement in its continuing campaign against the ten biggest corporations in America.
The first proposal would require Ford to nominate to the Board of Directors women and representatives of employee organizations, consumer interests, and minority groups.
George F. Bennett '33, treasurer of the College, is currently serving on the board. He could not be reached for comment on the proposal last night.
The second proposal calls on Ford to disclose information in its annual report on the company's pollution-control, autosafety, and minority-hiring practices. The informations would include:
* descriptions of specific new techniques developed by the Corporation to promote air-pollution control and motor-vehicle safety:
* employment data showing the proportion of blacks, Orientals, Indians, Mexican Americans, and women in different job categories ranging from service workers to officials and mangers;
* an account of the money spent and the manpower employed in developing low or non-polluting automobile engines and mass produceable auto-safety devices:
* an account of the money spent and manpower employed in the training and recruitment of minority-group members.
The Second proposal permits Ford to withhold any information which would put the company at "a competitive disadvantage."
Harvard owns 293.578 shares of Ford stock valued at more than $18 million.
Stephen B. Farber '63, assistant to the President, said yesterday that the Corporation would examine the Project's proposals, as well as other shareholders' resolutions, at a meeting Monday.
The project is concentrating on soliciting support for its proposals from institutional investors such as private foundations and universities.
The Project has sent a letter to the presidents of 65 colleges, including the Presidents of all the Ivy league Colleges, urging them "to consult the entire university community--students, faculty, employees, and alumni--in deciding how to vote" on the insurgent resolutions.
In an introductory statement accompanying the letter. The Project said that universities had "a special obligation" to "use their power as major shareholders to make corporations more responsive to society's needs."
Ford shareholders will vote on The Project's proposals at Ford's annual meeting in Detroit, Mich. on May 11.
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