A group of powerful investment managers and public treasurers with assets invested in McDonald’s are demanding that the company take tougher steps to address child-labor violations at its franchises.
In letters sent Tuesday, the shareholders urged the boards of directors at McDonald’s and Wendy’s to adopt a zero-tolerance policy for the use of child labor at franchised restaurants. They also asked the companies to conduct third-party human rights risk assessments of their businesses, among other demands.