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Wal-Mart Stores Says It Creates Position for FCPA Compliance

Wal-Mart Probe Is Not Reflection of Company, Internal Memo Says
A customer arrives at a Wal-Mart store in Guadalajara, Mexico. Photographer: David Rochkind/Bloomberg

April 24 (Bloomberg) -- Wal-Mart Stores Inc. said it has created a new position for global compliance with the U.S. Foreign Corrupt Practices Act, among other actions to bolster compliance.

The new position will oversee five compliance directors based in international markets.

Link to Statement:{NSN M2ZU1G3T6SQO <GO>}

Link to Company News:{WMT US <Equity> CN <GO>}

To contact the editor responsible for this story: Greg Chang at gchang1@bloomberg.net

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