Abstract

Wal-Mart, the world’’s leading retailer, is famous for its low prices and its breadth of merchandise. The chain offers food, clothing and a range of other items including electronics, health and beauty products, sporting goods, toys and prescription drugs. Wal-Mart also sells products on-line. This case deals with corporate governance practices at Wal-Mart with special reference to board composition, board committees, directors’’ responsibilities, board meetings and directors’’ compensation. The case can be used for MBA students as part of the corporate governance curriculum. The case aims at helping students understand the processes and systems underlying good governance.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

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Keywords

Wal-Mart, Corporate governance, Leading retailer, On-line trading, Grocery stores, Sam's Club, Sam Walton, Board committees, Tenure of directors, Responsibilities of directors, Audit committee, Board meetings, Compensation of directors, CEO compensation