Wal-Mart Draws New Rebuke From Advisory Firms Before Meeting - Businessweek -BoardProspects

Wal-Mart Draws New Rebuke From Advisory Firms Before Meeting

Businessweek May 28 2014 BoardNews

Wal-Mart Stores Inc. (WMT:US), the world's largest retailer, drew fresh criticism from shareholder-advisory firms over topics ranging from executive compensation to its handling of a foreign-bribery scandal. Institutional Shareholder Services Inc. and Glass ...
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Quotes
1. The board failed to make progress in providing meaningful information to shareholders about any specific findings on the FCPA-related investigations and whether executives will be held accountable for related compliance failures.
2. The Walton family can ensure the election of each of the 14 director nominees without action on the part of any other shareholder.
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Authors
- Renee Dudley