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Article: Unocal Rejects Myanmar Protest.(Unocal Corp. rejects resolutions)(Brief Article)
- Article from:
- Los Angeles Business Journal
- Article date:
- May 28, 2001
CopyrightCOPYRIGHT 2001 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Shareholders of Unocal Corp. rejected two resolutions that would have pressured the oil exploration company to abandon its natural gas venture in Myanmar, whose government has faced international criticism for human rights abuses.
At Unocal's annual shareholder meeting last week, a resolution that would have required the company to adopt a code of conduct discouraging business involvement in countries that used forced labor received about 22 percent of the vote. The second resolution, which would have tied executive compensation to the ...