Walmart shifted into full damage-control mode, following allegations of a massive bribery and corruption campaign at its Mexico operations and an attempt to conceal payments to foreign officials, which first surfaced this weekend in a New York Times report.
Yesterday Walmart announced that it was appointing a global FCPA compliance officer position. This position, which has yet to be filled, will have responsibility for compliance with the FCPA in every market around the world and will oversee five FCPA compliance directors based in the international markets.
