Content about Regulatory compliance

October 25, 2012

Walmart said on Wednesday that various staff groups involved in compliance and legal issues will soon all report to its general counsel, Reuters reported.

NEW YORK — Walmart said on Wednesday that various staff groups involved in compliance and legal issues will soon all report to its general counsel, Reuters reported. The move comes as the retailer works on coordinating efforts after an alleged foreign bribery scandal.

In a memo sent by CEO Mike Duke, the retailer said that starting on Dec. 1, its compliance, ethics, investigations and legal units will become one organization under executive VP, general counsel and corporate secretary Jeff Gearhart.