Shareholders meet for Wal-Mart annual meeting
New York -- Wal-Mart Stores is expected to face scrutiny from shareholders at its annual meeting on Friday in the wake of allegations of bribery in Mexico.
The allegations are being investigated by the U.S. Department of Justice, the U.S. Securities and Exchange Commission and government agencies in Mexico. Wal-Mart is also conducting an internal probe.
Shareholder groups, including the nation's two largest public pension funds, have called for the removal of several board members, including CEO Mike Duke and former CEO Lee Scott.
Executives are not expected to discuss details of the case during presentations expected at the annual meeting, which is being held in an arena at the University of Fayetville. Some 14,000 employees and shareholders are expected to attend the event, which is being hosted by the popular singer and actor Justin Timberlake.