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VW: The comeback begins

Tom Fox | January 25, 2018

How do you come back from a major corporate scandal? That question was on the mind of The Man From FCPA back in 2012 when the New York Times broke the story of Wal-Mart’s alleged bribery schemes in Mexico. Later that year Matt Ellis admonished the Wal-Mart to “go big” when remediating its compliance function. Wal-Mart certainly did so in hiring some of the top compliance talent around and then instituting a worldwide best practices compliance program. Wal-Mart has demonstrated that with senior management commitment, a company can overcome what might appear to a be a crippling corruption scandal.

The Man From FCPA thought about the robustness of Wal-Mart’s response when reading about Volkswagen’s comeback from its emissions-testing scandal. VW used the scandal to rework its manufacturing towards increasing its electric car program. The company desires to have...

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