Wal-Mart Stores, Inc. (WMT) confirmed this week that a previously disclosed investigation into bribery at its overseas units expanded into markets including Brazil, China and India. While it’s positive that the retailer is taking steps to examine allegations of such behavior, Wal-Mart could do more to improve the strength of the board that supervises such [...]
Tag Archives | Wal-mart
GMI Ratings Governance Update | Wal-Mart Stores, Inc.
November 16, 2012 in Corporate Governance, Daily Viewpoint, Flash Reports
GMI Ratings Governance Update | Wal-Mart Stores, Inc.
October 19, 2012 in Corporate Governance, Daily Viewpoint, Flash Reports
News hit recently about an allegation that Wal-Mart Stores, Inc. (WMT) invested illegally in India. While such issues have not prevented the retailer’s stock from gaining so far this year, the retailer’s managers do use short-term thinking in their approach to boosting profit. The New York Times reported last spring that Wal-Mart’s Mexican unit paid [...]
Will Wal-Mart listen to its public shareholders?
May 30, 2012 in Corporate Governance, Daily Viewpoint, News and Opinions
By Paul Hodgson – CCO and Senior Research Officer Several high-powered institutional shareholders, such as CalSTRS, have indicated that they are going to vote against a number of Wal-Mart directors who, frankly, should have known better. While institutions such as CalSTRS do not often go public with their voting intentions, when they do, you know [...]
May 23. 2012: LA Times
May 23, 2012 in GMI In the News
May 23, 2012: California teachers pension fund to vote against Wal-Mart board (Los Angeles Times)
Social Issue: Wal-Mart Stores, Inc.
April 23, 2012 in Flash Reports
GMI Ratings Social Issue | Wal-Mart Stores, Inc. Region: North America Sector: Cyclical Consumer Goods / Services Industry: Retail – Discount Stores Market Cap: $203,489.3mm (Large Cap) ESG Rating: F AGR: Aggressive (12) Wal-Mart missed the chance to clean up its alleged bribery problems in Mexico, just as it also turned a deaf ear to [...]