In an landmark case, US employees at a California-based luxury hotel have filed a complaint against Natixis, the US subsidiary of which, AEW Capital Management, oversees the site in question, although not being directly involved with the management of the actual hotel. The fact that the French OCED National Contact Point (NCP) has accepted the complaint of violation of the OECD Guidelines for Multinational Enterprises sends a strong signal to institutional investors seeking to minimize any reputational risk.
“Following an initial assessment the NCP is willing to offer its services to Natixis Group and UNITE HERE,” thus are the terms used by French NCP in accepting on 26 April to accept a somewhat unusual complaint in so far as it targets an international financial group that has no direct responsibility in the management of the hotel in question.
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