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FCPA Blog Daily News

Entries in Walmart (154)

Wednesday
Oct212015

Mike Scher on Walmart: We're talking about the future of the compliance profession

The Wall Street Journal reported Monday that the DOJ's three-year investigation of Walmart in Mexico has uncovered little or no evidence of major bribery, and that the case may eventually be resolved without criminal charges and only a fine.

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Monday
Oct052015

Mike Scher: Why did VW burn the house down?

In my prior post for the FCPA Blog, I asked two questions about the unfolding VW scandal.

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Monday
Sep282015

VW aftermath: Message about Compliance 2.0 is finally a no-brainer

The chief of Volkswagen USA admitted the company screwed up, and the global CEO has resigned. Prosecutors and regulators, along with aggrieved buyers of its diesel vehicles, are lining up for retribution and justice.

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Wednesday
Aug192015

Walmart FCPA spending just topped $650 million

Walmart said in a management call Tuesday that FCPA and compliance-related costs were about $30 million during the second quarter, with $23 million for ongoing investigations and $7 million for the company's global compliance program. 

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Thursday
Jul162015

IBA July 28 event: Did FIFA end the era of impunity? 

Image courtesy of the IBAThe International Bar Association (IBA) is holding a panel discussion entitled: “FIFA & the World Cup: Is the Era of Impunity for Corruption and Widespread Human Rights Violations Coming to an End?” 

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Tuesday
Jul072015

Practice notes: Insurance coverage for FIFA-related kickback investigations 

Bribes of $40,000 stuffed in envelopes, a flight to Europe solely to retrieve a briefcase full of cash, and a $10 million payoff to secure votes for choosing the World Cup host country are among the allegations in the recent indictment against FIFA representatives and related business associates.

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Monday
Jun222015

Alison Taylor: Does competition cause corruption?

You might expect corrupt companies to downplay and devalue the principles of market competition. In fact the opposite is true.

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Monday
Apr272015

Mike Scher: Federal healthcare guidance already demands Compliance 2.0 standards

During the past month, I've been in London at the SCCE European initiative conference and last week at the Florida convention of the Health Care Compliance Association. The month has been an opportunity to gain some new perspective on the community of global compliance officers.

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Monday
Mar092015

Resource alert: The Reputational Risk Handbook

One of my favorite virtual friends is Dr. Andrea Bonime-Blanc, the CEO and founder of GEC Risk Advisory LLC. While her career and current consulting is wide-ranging, I want to focus on her recent book, The Reputation Risk Handbook, which should be read by any compliance practitioner, senior executive or board member.

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Monday
Jan192015

On MLK Day: Thoughts about courage and compliance

Image by Luicille Clerc (https://www.facebook.com/lucilleclercgraphicdesign)Webster defines courage as the mental or moral strength to venture, persevere, and withstand danger, fear, or difficulty. Thomas Jefferson said one man with courage is a majority. Martin Luther King proved Jefferson right. So did Nelson Mandela, Mahatma Gandhi, and Abraham Lincoln.

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Monday
Dec222014

Shareholders move for sanctions against Wal-Mart ‘foot dragging’

Shareholders accused Wal-Mart Stores Inc. in a Delaware court filing Thursday of failing to comply with a court order to produce files from an internal FCPA investigation of alleged bribery in Mexico.

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Wednesday
Dec102014

OECD foreign bribery report demolishes compliance myths

The Bribery Act 2010 and Department of Justice guidance require businesses to have anti-bribery controls which reflect the risk they face in conducting business.

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