Last week, Wal-Mart made several disclosures that touched upon its Foreign Corrupt Practices Act scrutiny and compliance enhancements.
This post highlights FCPA and related information in Wal-Mart’s Annual Report, Proxy Statement, Global Ethics and Compliance Report, and Global Responsibility Report.
The Global Ethics and Compliance Report in particular will be of interest to compliance practitioners.
In short, regardless of what may (or may not) have happened at Wal-Mart approximately 5-10 years ago, it is clear that Wal-Mart has become an industry-leader in FCPA compliance best practices. Anyone who fails to acknowledge this is simply not credible.