BENTONVILLE, Ark. (AP) — Wal-Mart Stores Inc. said Monday that it is adding the former international chairman of accounting firm KPMG to its board, effective immediately.
Tim Flynn, 55, will become the board's 17th member and is also joining the audit committee.
The move comes as Wal-Mart attempts to regain shareholder trust following a bribery scandal in Mexico. In late April, The New York Times reported that Wal-Mart's Mexican unit allegedly paid millions of dollars in bribes to speed building permits and gain other favors, and that executives didn't notify authorities even after Wal-Mart found evidence of the scheme during a probe dating to 2005.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
