Corporation Committee on Shareholder Responsibility releases report
The 2019 Annual Report of the Corporation Committee on Shareholder Responsibility (CCSR), a subcommittee of the President and Fellows, is now available on the Shareholder Responsibility Committees’ website. The report summarizes the CCSR’s work in 2019. The CCSR receives advice from the Advisory Committee on Shareholder Responsibility, a 12-member committee made up of Harvard faculty, students, and alumni. Historically, the chief responsibility of the ACSR has been to review individual shareholder resolutions raising issues of corporate social responsibility at publicly traded companies in which Harvard owns shares, and to make recommendations to the CCSR, which is responsible for final decisions about how the University should vote on those resolutions. Recently, Harvard Management Company (HMC) has come to rely increasingly on pooled investments and commingled funds typically managed by outside investment firms, rather than directly owning stock in individual companies, as the means to achieve wide exposure to public equity markets. This shift...