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.
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