{"id":2052,"date":"2021-11-30T10:06:27","date_gmt":"2021-11-30T09:06:27","guid":{"rendered":"https:\/\/monblogeur.tech\/index.php\/2021\/11\/30\/harvards-shareholder-panel-votes-on-three-facebook-governance-measures-news-harvard-crimson\/"},"modified":"2021-11-30T10:06:27","modified_gmt":"2021-11-30T09:06:27","slug":"harvards-shareholder-panel-votes-on-three-facebook-governance-measures-news-harvard-crimson","status":"publish","type":"post","link":"https:\/\/monblogeur.tech\/index.php\/2021\/11\/30\/harvards-shareholder-panel-votes-on-three-facebook-governance-measures-news-harvard-crimson\/","title":{"rendered":"Harvard&#039;s Shareholder Panel Votes On Three Facebook Governance Measures | News &#8211; Harvard Crimson"},"content":{"rendered":"<div class=\"cfbc967f0983488262956e73eca9483a\" data-index=\"1\" style=\"float: none; margin:10px 0 10px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3859091246952232\" crossorigin=\"anonymous\"><\/script>\r\n<!-- blok -->\r\n<ins class=\"adsbygoogle\" data-ad-client=\"ca-pub-3859091246952232\" data-ad-slot=\"1334354390\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n\n<\/div>\n<p>News<br \/>Harvard Grad Student Union Ratifies 4-Year Contract With 70.6% Approval<br \/>News<br \/>Decimated by Corporate Cutdowns, Cambridge Chronicle Loses Veteran Editor<br \/>News<br \/>Matcha Devastation as Students Venti About HSQ Starbucks\u2019 Unexpected Closing<br \/>News<br \/>\u2018It\u2019s a Limbo\u2019: Grad Students, Frustrated by Harvard\u2019s Response to Bullying Complaint, Petition for Reform<br \/>News<br \/>Community Groups Promote Vaccine Awareness Among Cambridge Residents of Color<br \/><span>Harvard\u2019s committees on shareholder responsibility \u2014 composed of an advisory committee and a sub-group of the Harvard Corporation that advise the University on matters related to social responsibility in its investment decisions \u2014 voted on three resolutions presented to Facebook shareholders during the last fiscal year, according to a report published earlier this month.<\/span><br \/><span>The Advisory Committee on Shareholder Responsibility is comprised of 12 University affiliates who advise the Corporation Committee on Shareholder Responsibility, which consists of members of the Harvard Corporation \u2014 the University&rsquo;s highest governing body \u2014 who have voting power.<\/span><br \/><span>The report, which spanned the past two academic years, included nine new guidelines for the Harvard Management Company\u2019s external investment managers. It also summarized the votes on the three resolutions presented to the shareholders of Facebook, the tech giant that was renamed Meta in October.<\/span><br \/><span>The Corporation Committee voted in support of two shareholder resolutions that would ask Facebook to detail the extent to which it addresses issues of child exploitation and \u201cdisinformation.\u201d<\/span><br \/><span>The first resolution requested that Facebook combat the sexual exploitation of children with new privacy tools, such as end-to-end encryption to protect underage users.<\/span><br \/><span>CCSR members voted in favor of the proposal following the recommendation of the ACSR. Members of the advisory group noted the \u201cseriousness of online child sexual exploitation\u201d and Facebook\u2019s influence in the matter, according to the report.<\/span><br \/><span>\u201cMembers also expressed the view that Facebook has a responsibility to understand and communicate to shareholders the potential implications of a broad shift to end-to-end encryption, especially as it relates to the company\u2019s ability to continue detecting and addressing exploitative content and behavior,\u201d the report continues.<\/span><br \/><span>The second resolution approved by the CCSR asked Facebook to study the benefits and harms to the company and its employees of the platform\u2019s actions instituted during the 2020 election cycle to \u201climit the spread of disinformation and \u2018divisive information.\u2019\u201d<\/span><br \/><span>The committee voted in favor of the proposal, in line with the unanimous recommendation of the ACSR, citing the University\u2019s past support of similar measures requesting Facebook to publish reports evaluating policies on content governance and assessing risks of such strategies.<\/span><br \/><span>The CCSR abstained, however, on another resolution calling for the nomination of a human and civil rights expert to Facebook\u2019s Board of Directors. The ACSR recommended a vote against the resolution, noting that the company already hired two senior managers with civil and human rights experience.<\/span><br \/><span>The report also mentioned that some members wondered how Facebook could determine whether an individual qualifies as an expert and suggested that the scope of expertise was \u201cill-defined.\u201d<\/span><br \/><span>Committee members also worried that adding a rights expert to the board could absolve the rest of Facebook\u2019s corporate management from the responsibility of engaging with issues related to human and civil rights, according to the report.<\/span><br \/><span>In recent years, the Harvard Management Company has relied on investments managed by outside firms to gain better exposure to public equity markets. In response to the move, both committees have shifted their focus on developing guidelines that can help Harvard&rsquo;s external investment managers.<\/span><br \/><span>In 2019-20, the Corporation Committee voted on two resolutions presented to companies in which the University held shares \u2014 PepsiCo, Facebook, and Alphabet are named in the report \u2014 and abstained on all other measures.<\/span><br \/><span>The report claimed that the ACSR did not have time to review the social responsibility consequences of these resolutions, citing the \u201cextraordinary circumstances\u201d of the Covid-19 pandemic.<\/span><br \/><span>\u201cFollowing long-standing practice with proxies not considered by the ACSR, the CCSR voted on two such proposals in 2020 for which prior ACSR recommendations and CCSR votes provided controlling precedent,\u201d the report reads.<\/span><br \/><span>In 2020, the ACSR resumed deliberations and created nine new voting guidelines related to Environmental, Social, And Governance, Board Diversity, Deforestation Risk, Human Rights Policy, Diversity, and Water Contamination Risk.<\/span><br \/><span>\u2014Staff writer Virginia L. Ma can be reached at virginia.ma@thecrimson.com.<\/span><br \/><span>\u2014Staff writer Kevin A. Simauchi can be reached at kevin.simauchi@thecrimson.com. Follow him on Twitter @Simauchi.<\/span><br \/><strong>Want to keep up with breaking news?<\/strong> <a href=\"\/subscribe\" to=\"\/subscribe\">Subscribe to our email newsletter.<\/a><\/p>\n<p><a href=\"https:\/\/www.thecrimson.com\/article\/2021\/11\/29\/shareholder-responsibility-report-2021\/\">source<\/a><\/p>\n<!--CusAds0-->\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>NewsHarvard Grad Student Union Ratifies 4-Year Contract With 70.6% ApprovalNewsDecimated by Corporate Cutdowns, Cambridge Chronicle Loses Veteran EditorNewsMatcha Devastation as Students Venti About HSQ Starbucks\u2019 Unexpected ClosingNews\u2018It\u2019s a Limbo\u2019: Grad Students, Frustrated by Harvard\u2019s Response to Bullying Complaint, Petition for ReformNewsCommunity Groups Promote Vaccine Awareness Among Cambridge Residents of ColorHarvard\u2019s committees on shareholder responsibility \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow1sXXCw:productID":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-2052","post","type-post","status-publish","format-standard","hentry","category-non-classe"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/posts\/2052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/comments?post=2052"}],"version-history":[{"count":0,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/posts\/2052\/revisions"}],"wp:attachment":[{"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/media?parent=2052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/categories?post=2052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monblogeur.tech\/index.php\/wp-json\/wp\/v2\/tags?post=2052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}