US retail giant Walmart spent more than USD 109 million in fiscal 2014 to enhance its global anti-corruption compliance programme and added personnel for the same in many countries, including India.
Between December 2011 and January 2014, the company also delivered anti-corruption training to more than 1,00,000 personnel from all levels around the world, including key senior executives and officers who interact directly or indirectly with government officials.
In its annual report for the financial year ended January 31, 2014, Walmart said compliance with the US Foreign Corrupt Practices Act (FCPA) and other anti-corruption laws remained a key priority.
The global programme is led by a senior vice president and global chief compliance officer (CCO) who reports to the Executive Vice-President, Global Governance and Corporate Secretary and directly to the Audit Committee.
"The company also appointed regional CCOs to lead and support the compliance organisation within three international regions -- LatAm (Argentina, Brazil, Central America, Chile, Mexico), Asia (China, India, Japan), and EMEA (Africa, Canada, UK)," it said.
Walmart said anti-corruption compliance training was delivered in a number of ways in fiscal 2014.
They included a computer-based learning module to a broader audience of more than 45,000 associates; in-person procedure and practical scenario training to more than 16,000 associates, and in-person general FCPA awareness sessions in all markets to over 15,000 associates.
