Tag Archives | Wal-Mart

Corruption without borders

Stories of bribery and its impact around the world, from Greece to Mexico. 39 countries are signed up to the OECD Anti-Bribery Convention, meaning that they have agreed to investigate and prosecute businesses that use corrupt practices when conducting business abroad. We will publish a new report on Thursday showing a rise in prosecutions by […]

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Why investors should care about transparency

On July 10, Transparency International issued a report showing that the world’s biggest companies are disclosing more about their measures for preventing corruption, but not so much of their financial data in the countries where they operate. Investors should take note of these findings. Risks associated with corruption can have devastating damaging effects on a […]

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After Wal-Mart: What best practices can limit foreign bribery?

In the wake of Wal-Mart’s alleged Mexican bribery scandal, many voices in the business sector are no doubt asking what companies can do to improve their anti-corruption programmes and avoid the increasingly long arm of US law-enforcers who are vigorously pursuing violations of the FCPA. This is just the latest corporate corruption scandal, and they […]

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A bribery scheme to win market dominance in Mexico?

Over the weekend, the New York Times alleged that Wal-Mart deliberately hid investigations into bribery practices at the company’s largest foreign subsidiary, Wal-Mart de Mexico. Wal-Mart is Mexico’s largest private sector employer with currently 209,000 employees. Allegedly there is a paper trail that includes hundreds of suspect payments worth more 24 million USD in total. […]

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