BENTONVILLE, Ark. (AP) — Wal-Mart Stores Inc. says it is adding the former chairman of accounting firm KPMG International Chairman 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 recover from a bribery scandal in Mexico that has led to federal investigations in the U.S. and Mexico, as well as a global anti-corruption compliance review by the company. The bribery allegations also have spawned about a dozen shareholder lawsuits seeking changes in Wal-Mart's corporate governance and damages on behalf of the Bentonville, Ark., company from current and former executives and directors.
Flynn spent 32 years at KPMG and became international chairman in 2007. He retired in 2011.