As part of an ongoing decade-long debate, the committees voted on proposals to force corporations to adopt an environmental code of conduct, the Ceres principles. The ten points on the environment have been discussed by the committees since 1990, when the ACSR recommended abstention.
Treating the proposals on a company-by-company basis, this year the ACSR recommended the resolution for two companies, but opposed it in the case of five others. The CCSR abstained from or opposed the proposals.
Extending a 1989 decision to restrict investment in tobacco-related products, the ACSR considered measures that called on companies themselves to restrict their sales to tobacco producing companies. The ACSR voted 8-1-0 to compel H.B. Fuller to, in the words of the proposal, "adopt a policy not to sell its adhesives to any tobacco related company when they will be used in the production of cigarettes."
The CCSR voted in accordance with the ACSR recommendation.
The ACSR-CCSR Connection
Tolchin said that, in general, he thinks members of the ACSR find the CCSR's actions and attitudes reasonable. Personally, Tolchin said, he was moderately surprised by the some of the CCSR's final decisions. "The CCSR had a reasonably progressive stance on resolutions requiring board diversity," he said.
Read more in News
Schor To Leave Harvard For B.C.Recommended Articles
-
Shareholder's Discuss EnvironmentThe Harvard Corporation Committee on Shareholder Responsibility (CCSR) yesterday released its 1998-99 annual report. The document explained the CCSR's decisions
-
University Releases '97 Shareholder Responsibility ReportThis year, environmental issues and human rights questions dominated the agenda of Harvard's shareholder responsibility committees, which released their annual
-
The View From the Outside... ...And the InsideYet it was but an empty show of freedom: these assemblies had no real power. Indeed, we have here a
-
...And the InsideYet it was but an empty show of freedom; these assemblies had no real power. Indeed, we have here a
-
ACSR Calls Upon Harvard to DivestIn its strongest statement ever, the Advisory Committee on Shareholder Responsibility (ACSR) yesterday issued a comprehensive 35-page report calling for
-
In Proxy Votes, Harvard Abstains on WarmingThe Harvard Corporation largely sidestepped the growing national debate over global warming this year with a handful of abstentions on