In order to provide guidance, consistency, and efficiency for recommendations on proxy proposals that raise issues of social responsibility, the body that advises the president on these matters, formerly the Advisory Committee on Corporate Responsibility in Investment Practices (ACCRIP), now established as the Advisory Committee on University Resources Management (ACURM), drafted guidelines in 2003 based on its experience in evaluating proposals in previous proxy seasons. These guidelines were approved by the Brown Corporation, and proxies covered by these guidelines are automatically voted in accordance. The Investment Office is responsible for voting proxies in a way that is consistent with the guidelines. These guidelines were last amended by the committee in December 2007.
If a particular proposal is not covered by the guidelines, that proposal shall be considered by the Committee. If the Committee recommends voting against the proposal, that vote will be cast. If the Committee recommends voting in favor of a proposal or abstaining from a vote, that recommendation will be sent to the President for review and action by an appropriate committee of senior officers of the administration.
Advisory Committee on University Resources Management (ACURM)