Marriott International has more than 6000 properties in over 122 countries and territories around the world. Next month at their annual shareholder meeting, they are slated to vote on a shareholder proposal urging the adoption of the "Holy land Principles". The principles add burdensome layers of restrictions, oversight and bureaucracy to the 2 Marriott properties in Israel. The Marriott Board opposes this proposal and recommends a vote AGAINST it.
What are the Holy land Principles? Their website bills them as a "corporate code of conduct" that are applicable only to businesses within Israel.
From their Website: The 8 Holy Land Principles
The Holy Land Principles call on American companies conducting business in The Holy Land to:
Identify underrepresented employee groups and initiate active recruitment efforts to increase the number of underrepresented employees.
Develop training programs that will prepare substantial numbers of current minority employees for skilled jobs, including the expansion of existing programs and the creation of new programs to train, upgrade, and improve the skills of minority employees.
Maintain a work environment that is respectful of all national, racial, ethnic and religious groups.
Ensure that layoff, recall and termination procedures do not favor a particular national, racial, ethnic or religious group.