[...] The U.S. Foreign Corrupt Practices Act bans companies from paying foreign officials to get more business. The law has recently been targeted by lobbyists — including an arm of the U.S. Chamber of Commerce with ties to Wal-Mart — who criticize it as too broad and bad for business. [...] As officials in recent years have stepped up their enforcement of the U.S. Foreign Corrupt Practices Act, the Chamber has been pushing for the law to be scaled back.
The U.S. Chamber Institute for Legal Reform, an arm of the Chamber that has been a leader in criticizing the law, listed two Wal-Mart executives as board members in its 2010 tax form: Jeff Gearhart, Wal-Mart’s general counsel, and Thomas Hyde, a former Wal-Mart corporate secretary who stepped down in August 2010. Hyde was among the company executives who received initial reports of the alleged bribery in 2005, according to the Times story. [...] - Wal-Mart faces federal criminal probe tied to allegations of bribery in Mexico http://www.washingtonpost.com/business/economy/wal-mart-faces-federal-criminal-probe-tied-to-allegations-of-bribery-in-mexico/2012/04/23/gIQA7t9lcT_story.html -- Robert Naiman Policy Director Just Foreign Policy www.justforeignpolicy.org [email protected] _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
