Wal-Mart answers with global anti-bribery watchdog appointment
Bentonville, Ark. -- As part of its answer on Tuesday to a New York Times article regarding compliance with the U.S. Foreign Corrupt Practices Act, Wal-Mart Stores VP corporate communications David Tovar announced that the retailer had appointed a global officer to oversee compliance.
The move is just one of the steps that Tovar outlined toward managing issues related to the 1970s law that forbids bribing foreign officials.
Wal-Mart has not yet identified the person who will fill the slot, or when it will be activated.