Corporate Compliance Benchmarking Paper

567 words - 3 pages

Wal-Mart is one of the world’s largest and wealthiest retail stores. Similar to CareNetWest, however, they face corporate compliance issues of all sorts. Some of these issues have been brought against the corporation as lawsuits. The majority of the cases have concerned labor conditions and wage and hour violations. Wal-Mart has reportedly been in violation of labor laws. Also, according to store associates, they are being paid unfairly below minimum wage without enough money to make a living and were also forced to work overtime. Wal-Mart, like CareNetWest was lacking the internal expertise necessary to mitigate its issues. Without the proper support teams on board to solve their issues, the structure of both companies is weak.
Over the years, and after hundreds of lawsuits filed mostly by its associates, Wal-Mart has implemented new policies and a ...view middle of the document...

Wal-Mart has been accused of forcing associates to work off the clock, denying associates their lunch and rest breaks, having a heath care plan that only covers some of its employees, paying associates below minimum wage, poor treatment of factory workers, having an anti-union policy, violating child labor laws, and discrimination against women, gays, bisexuals and transgender individuals.
Responded to the issues
Wal-Mart made drastic changes in order to address the legal issues it was facing. In 2004, it established a corporate compliance team to address U.S. wage and hour laws and lawsuits. Wal-Mart also created an Office of Diversity to implement programs concerning diversity and put an end to discrimination accusations. It adopted a new job classification system to consider pay and promotions. This would hopefully curb questions about gender discrimination. The corporate compliance team is assigned to handle the company’s obligations and duties to employees such as pay, working hours and break time. New cash registers were installed, which would cut off if an associate works beyond scheduled hours. Wal-Mart also increased hourly wages to almost ten dollars per hour. With the new corporate compliance and Office of Diversity team on board to repair the company internally, the vast amount of lawsuits should hopefully decrease or stop altogether.
The company’s corporate compliance and Office of Diversity team have turned things around for them, and pulled their soggy reputation out of the water in the past three years. Because of this, Wal-Mart remains a leader in the retail industry.

Is Wal-Mart good for America Frontline? Retrieved on November 14, 2008, from

Defending Human Rights Worldwide. Human Rights Watch. Retrieved on November 14, 2008, from:
The real facts about Wal-Mart. Wake up Wal-Mart. Retrieved on November 14, 2008, from:

Other Papers Like Corporate Compliance Benchmarking Paper

Interclean Solution Essay

4240 words - 17 pages benchmarking that was conducted on the HP-Compaq merger and the Eli Lilly case study of growth. BP-Amoco merger in 1998 also has given good insights on the suitability of the domain statement definition. This paper is meant to suggest a set of categories for InterClean to consider during the management of the change and set guidelines around the implementation. Some of the categories like the measurement source have taken the political factor that

Implementing Change Paper

2840 words - 12 pages , and devise, implement, and maintain appropriate compliance activities. Determining management’s level of risk tolerance and coordinating corporate strategy with compliance plans to achieve business initiatives and guard against derailment of other priorities enables this compliancy.  To determine the most cost-effective solutions in accordance with an organization’s risk tolerance and industry benchmarking, that organization must help value

Benchmarking: A Quantitative And Qualitative Look At Southwest Airlines And British Airways

5333 words - 22 pages to corporate confidentiality. To effectively use this data, management must interpret the information and formulate their own conclusions.The remainder of this paper will look at two companies who can use benchmarking to gain competitive advantage. We will look at Southwest Airlines and British Airways and their practices. We will also consider potential areas of improvement, and how each company can benchmark the other to gain their own advantage

Riordan Generic Benchmarking

3983 words - 16 pages Running head: RIORDAN GENERIC BENCHMARKING Riordan Generic Benchmarking Introduction Riordan Manufacturing is a global plastics producer. The company wants to develop a team compensation plan around its new customer-relationship management system. Riordan wishes to choose the best option to support this plan. Based on the generic benchmarking for issues facing Riordan the following companies have been

Jabba the Hut

3790 words - 16 pages OPERATIONS MANAGEMENT ABSTRACT In the present business world there has been a significant concentration on service based industries. This paper presents the way one of the world’s second biggest employer INDIAN RAILWAYS has been operating and together analyzing its various issues/ problems, and its relationship to operations practice in the organization. Though there have been many issues subjected to operations management practice, in the


1239 words - 5 pages identify other issues that happen as a result of this project and recommend solutions to these issues. This report will examine the importance of benchmarking with best practices. The issues brought forward by management will be prioritized, benchmarked, analyzed and alternatives and a recommendation will also be proposed. Lastly, recommendations for expanding the role of the payroll department within the organization will be made. Assumptions

Sarbanes Oxley Act of 2002

4135 words - 17 pages responsibility willingly. Changes in the industry are still taking place as new demands for experienced auditors must be filled. The long-term effectiveness of these new regulations remains to be seen; only time will tell whether oversight can effectively manage corporate greed and accounting irregularities. 3|P a ge Implementation The governmental agency tasked with implementing rulings on compliance of SarbanesOxley is the Securities and

Ehtics and Compliance Paper

1007 words - 5 pages Ethics and Compliance Paper for Disney Corporation Team A FIN 370 July 13, 2011 Steven Russell Ethics and Compliance Paper for Disney Corporation The role of ethics and compliance that Disney Corporation commits to in accordance to their financial standards promotes conducting their business with the highest standards of business ethics, rules, laws, and regulations, which Disney Corporation has adopted Code of business conduct and

Corporate Governance in Soccer

3895 words - 16 pages internal governance mechanisms, empowering the shareholders, enhancing the disclosure requirements and enhancing the public enforcement. The paper will focus on the analysis of the Corporate Governance in soccer, with a special emphasis on Europe. Corporate Governance in Soccer The definition of corporate governance has been subject to numerous definitions due to the global diversity of the practices. For instance, Shleifer and Vishny

Risks Of Noncompliance In Corporate Governance

3160 words - 13 pages corporate governance. To meet the expectation of investors, McBride Financial Services, Inc. (MFSI), must develop corporate governance and find solutions that will address any issues of noncompliance that could hurt their reputation. To create the best practices in corporate governance, this paper will address the cost and risks associated with noncompliance and offering recommendations. Additionally, analyses for several organizations that have

Corporate Governance In Banks Undergoing Merger And Acquisition

2449 words - 10 pages PAGE PAGE 10 AbstractThis nine page paper on Corporate Governance In Banks Undergoing Merger And Acquisition presents a case on banks that have recently undergone the process of M&A in Pakistan and the steps these banks should take in order to encompass corporate governance to ensure higher profitability and employees' satisfaction. Effective corporate governance involves a set of relationships between a company's management, its board

Related Essays

Law 531 Wk 6 Riordan Corporate Compliance Paper

1939 words - 8 pages Riordan Corporate Compliance Plan LAW/531 October 2012 University of Phoenix Riordan Corporate Compliance Plan The Corporate Compliance Plan will provide standard of conduct for the internal operations of the company to limit and reduce violations of the law within an organization. The plan is to reduce negative events from becoming legal liabilities. Definitions The people involved in this Compliance Plan are any person who is

H & M In Fast Fashion: Continued Success

974 words - 4 pages structure,” Journal of financial economics 3, 305-360. Weir, C. and Laing, D. (2000) “The performance governance relationship: The effect of cadbury compliance on UK quoted companies” Journal of management and governance,4, pp.265-281 Moscu, R.G. (2013), “Does CEO Duality really affect corporate performance?” International journal of Academic research in Economics and Management Sciences, Vol. 2 No 1, pp. 156-166. Fama, E. and M.C. Jensen

Organizational Performance Management System: Exploring The Manufacturing Sectors

3721 words - 15 pages Organizational performance management system: exploring the manufacturing sectors Chandan Kumar Sahoo and Sambedna Jena Chandan Kumar Sahoo is an Associate Professor and Sambedna Jena is a Research Scholar, both in the School of Management, National Institute of Technology, Rourkela, India. Abstract Purpose – The purpose of this paper is to illustrate the various performance management systems utilized by the manufacturing units. Design

Case Study: Xerox Corporation

1815 words - 8 pages BackgroundConceptualized in 1946 as a manufacturer and supplier of photographic paper and related office equipment, Xerox is presently one of the biggest and oldest document-management company in the world. Xerox, initially known as Haloid, became significantly prominent in 1959 with the introduction of the world's first plain paper photocopier dubbed as Xerox 914. Utilizing the process of xerography or electrophotography, Xerox 914 became an