Compliance
Convinced as we are that our values are of utmost importance in Walmart de México y Centroamérica, we make great efforts in cultivating trust and transparency among all our stakeholders. This is a recurring theme at all levels of leadership because our ongoing success depends on having the commitment of one and all to always do the right thing for our customers, among ourselves, and for the wellbeing of our business.
This year we reinforced our Compliance program, focusing on the most important subjects, in terms of their impact and in alignment with international standards:
The 14 areas comprising the Compliance program include:
- Responsible Sourcing
- Anticorruption
- Anti-Money Laundering
- Antitrust
- Trade
- Food Safety
- Licenses and Permits
- Environment
- Privacy
- Consumer Protection
- Health and Wellness
- Health and Safety
- Product Safety
- Labor and Employment
The Vice President for Compliance reports to the Vice President of Compliance for Latin America and to the Vice President of Compliance –International. The area has a dedicated team of experts for each of the 14 primary subjects listed above. There is also a monitoring area that covers 100% of the business units, which also provides training, follow-up, and designs the remediation plans.
The Matrix of Responsibilities for Compliance, e-certification, and constant training for all associates working in the Company are fundamental aspects towards ensuring the success of the program. This year, compensation for the top executives of the Company is tied to the accomplishment of compliance objectives.
Anticorruption continues to be a primary focus of the Compliance program. The Anticorruption team is led by a Director who reports directly to the Senior Director for Global Anticorruption Compliance, and to the Vice President for Compliance in Mexico. This team is in charge of conducting due diligence, developing and offering anticorruption training, and supervising the implementation of Company policies and procedures. The training offered covers the principles and policies that are part and parcel of the Global Anticorruption Policy, and its procedures. In 2014, courses and workshops were taken by more than 23 thousand associates and 773 suppliers.
Compliance risk assessment was performed, and the resulting information is being used to create a new list of compliance improvements, a priority for 2015.