Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

How Walmart's Global CCO Is Working to Right the Ship

Joe Mont | May 28, 2014

When Jay Jorgensen was offered the top compliance job at Walmart, he had two concerns: One was how to sell his wife—and himself—on a move to Bentonville, Arkansas. The other and more substantial concern was how he would need to approach the job of recasting compliance at Walmart, given the massive size of the global retail giant and its habit of generating unflattering headlines.

The move proved not much of a problem—he affectionately describes the company town as “Wall Street by day, Mayberry by night.” Overhauling compliance, though, was a much greater challenge.

During his keynote at the Compliance Week 2014 conference in Washington D.C. last week, Jorgensen provided detailed insight into his first year-and-a-half as Walmart's global chief compliance officer. He joined the company—leaving his post as a partner at the international law firm Sidley Austin—at a time when bold moves were needed to extricate its reputation from a variety of crises, notably allegations...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.