"[Marriott will] end business ties with the Republic of Myanmar," hotel chain executives revealed in a recent letter to the AFL-CIO. "We persuaded the [hotel] owner's representative to allow us to terminate the management agreement. We removed the Renaissance brand flags so that neither hotel is operated under one of Marriott's brand names." HERE conceded it is pleased with the hotel company's decision, but is eager for it to take on the issue of international human rights. HERE, which holds shares in Marriott, filed a shareholder proposal that would incorporate a company law for workplace code of conduct.

"Marriott has now informed us that the company will end all business ties with Burma, but working people investing in the hotel company want to be assured that their investment does not prop up a military regime, which disregards human rights," AFL-CIO's Bill Patterson says. "We urge the company to adopt a global labor standard that respects basic human rights in all countries."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.