When completing Table A for Caption By Hyatt, what is the purpose of the 'Government Official [Y/N]' column?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
| DIRECTOR NAME & TITLE | DATE OF BIRTH | COUNTRY OF RESIDENCE [AND NATIONALITY, IF DIFFERENT] | GOVERNMENT OFFICIAL [Y/N] | TITLE AND EMPLOYER |
|---|---|---|---|---|
| OFFICER NAME & TITLE | DATE OF BIRTH | COUNTRY OF RESIDENCE [AND NATIONALITY, IF DIFFERENT] | GOVERNMENT OFFICIAL [Y/N] | TITLE AND EMPLOYER |
| Chief Executive Officer or Equivalent: | ||||
| Name: | ||||
| Chief Financial Officer or Equivalent: | ||||
| Name: | ||||
| Responsible Person [if not identified | ||||
| above] | ||||
| Name: | ||||
| Person with day-to-day operational | ||||
| responsibility for the Hotel [if not | ||||
| identified above] | ||||
| Name: |
Applicant, Franchisee and any partner, stockholder, member, officer or director further represents and warrants that:
- a) Applicant and its controlling shareholders have not been involved in an investigation by a court or government agency regarding a potential violation of any applicable law prohibiting fraud, bribery or other corrupt activity, except as disclosed in an attachment submitted herewith;
- b) No Government Official is entitled to compensation or benefits in relation to the acquisition, development, construction or operation of the Hotel, except as disclosed in an attachment submitted herewith;
- Applicant, its controlling shareholders and their officers, and directors (including any authorized agents) have complied with all applicable anti-corruption laws in connection with the acquisition, construction, development, operation and ownership of the Hotel, and the formation of the Applicant and its affiliates, if applicable;
- c) Applicant has or will have an Anti-Corruption Policy, Code of Conduct, or similar corporate compliance program regarding compliance with applicable anti-corruption laws (including bribery of Government Officials) and/or the prevention of unlawful conduct;
Source: Item 21 — Financial Statements (FDD pages 84–85)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, the 'Government Official [Y/N]' column in Table A serves to identify whether any individual shareholder or member of the applicant or franchisee is a government official. This information is crucial for Caption By Hyatt to ensure compliance with anti-corruption laws and to avoid any potential conflicts of interest.
The document also states that no government official should be entitled to compensation or benefits related to the hotel's acquisition, development, construction, or operation, unless disclosed in an attachment. Furthermore, the applicant must warrant that they, their controlling shareholders, and their officers and directors have complied with all applicable anti-corruption laws, including those related to bribery of government officials.
This requirement reflects the importance of ethical business practices and legal compliance in the franchise industry, particularly concerning interactions with government entities. Prospective Caption By Hyatt franchisees should be aware of these obligations and ensure full transparency in disclosing any affiliations with government officials to maintain the integrity of the franchise system and adhere to anti-corruption regulations.