Wal-Mart Creates New Officer Post To Ensure FCPA Compliance

Law360, New York (April 24, 2012, 6:59 PM EDT) -- Wal-Mart Stores Inc. has created a new position to oversee compliance with the Foreign Corrupt Practices Act, the company said Tuesday, in response to a recent report alleging it paid millions in bribes to facilitate the expansion of its Mexican operations.

Wal-Mart said that despite the scathing report by The New York Times over the weekend — which detailed its executives in Mexico orchestrating millions of dollars' worth of payments to help speed zoning changes, building permits and other regulatory hurdles — it remained committed to...
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