Walmart's corporate governance is centered around a Board of Directors overseeing key committees, including audit, compensation, and governance. The company emphasizes transparency, ethics, and shareholder engagement. With a Code of Ethics guiding employee conduct, Walmart integrates sustainability into its strategy. This governance framework aims to ensure accountability, responsible practices, and long-term success.
2. INTRODUCTION
Walmart's corporate governance is
centered around a Board of Directors
overseeing key committees, including
audit, compensation, and governance. The
company emphasizes transparency, ethics,
and shareholder engagement. With a Code
of Ethics guiding employee conduct,
Walmart integrates sustainability into its
strategy. This governance framework aims
to ensure accountability, responsible
practices, and long-term success.
3. History
Founded by Sam Walton in 1962,
Walmart began as a small discount store
in Arkansas. It rapidly expanded,
introducing Sam's Club and the Walmart
Supercenter. The company went global in
the 1990s and embraced technology, e-
commerce, and sustainability. Walmart's
acquisitions, such as Asda and Jet.com,
strengthened its market presence. Today,
Walmart is a retail giant, leading in
innovation and adapting to changing
consumer needs.
4. Vision and value
Vision: Walmart's vision is to help people
save money so they can live better.
Mission: Walmart's mission is to save
people money so they can live better by
offering affordable products and services.
Core Values:
•Respect for the Individual
•Service to the Customer
•Striving for Excellence
•Acting with Integrity
5. LEADERSHIP STRUCTURE
Walmart's leadership structure is led by Doug McMillon,
who has served as the President and CEO since 2014.
McMillon provides overall leadership and direction for
the company. Supporting him is a Senior Leadership
Team composed of executives responsible for key areas,
including finance, operations, and e-commerce. This
team plays a crucial role in executing Walmart's strategic
initiatives. Additionally, the company is governed by a
Board of Directors, which is chaired by an independent
director and includes a mix of independent and non-
executive members. The board provides oversight and
guidance, ensuring accountability and alignment with
Walmart's mission and values. For the most current and
detailed information on Walmart's leadership structure, it
is recommended to check the company's official website
or recent corporate reports.
6. Board of director
Walmart's Board of Directors generally
includes a mix of independent and non-
executive directors, with committees
focusing on areas like audit,
compensation, and governance. The
board plays a crucial role in overseeing
the company's strategic direction,
financial practices, and adherence to
governance principles.
7. ETHICAL STANDARDS
Walmart's ethical standards, outlined in its Code of
Ethics, include principles of integrity, respect for
individuals, compliance with laws, fair
competition, confidentiality, avoidance of insider
trading, responsible use of company resources, and
a commitment to environmental stewardship.
Associates are expected to adhere to these
standards, promoting a culture of honesty,
transparency, and responsible business conduct.
For the most current and detailed information, it is
recommended to refer directly to Walmart's official
Code of Ethics available on the company's website
or in official corporate documents.
8. Our ability to create shared value
depends on direct and frequent
engagement with our customers,
associates and community
leaders, as well as the people who
supply our products, hold our
stock and evaluate our
performance.
Stakeholder perspectives and
feedback help improve
the relevance and effectiveness of
the products and services we offer
and the initiatives we support
STAKEHOLDER ENGAGEMENT
