Wal-Mart releases first Global Compliance Report, shows increased controls since FCPA scandal

The company has spent more than $100 million improving its internal controls since the first bribery allegations were released

Wal-Mart is the world’s largest retailer, and recently, it was in one of the world’s largest boiling pots of Foreign Corrupt Practices Act (FCPA) stew as well. Now, the company has released its first-ever Global Compliance Report, detailing the internal controls it has put into place to avoid this type of scandal moving forward.

The report, which details the efforts taken under the umbrella of the company’s chief compliance officer, focuses on three critical areas: people, policies and processes, and systems. Overall, the report says, the company has spent more than $100 million improving its internal controls since the first bribery allegations were released.

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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