According to Carol Cone, managing director of brand and corporate citizenship for Edelman, the public relations firm, …show more content…
The U.S. Foreign Corrupt Practices Act (FCPA) prohibits bribes to win business overseas. Also I believe the consumer has to speak up by using the theory of voting with dollars! We need to do the research by probing the track record of our favorite stores to shed light on their business ethics, labor and human rights.
Another point of how Wal-Mart can avoid this in the future is having a more proactive approach to corporate social responsibility (CSR) and an adequate crisis management system.
The reactive steps Wal-Mart has put in place regarding its compliance program will help prevent this from happening in the future. Randy Hargrove, a company spokesman, stated that Wal-Mart improved the way it reported and investigated accusations of ethical violations; it hired new executives to oversee compliance; and it combined its compliance, ethics, investigations and legal functions into one