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Wal-Mart Stores Inc. took a double hit last week from both the legal and the business experts at Harvard University over the giant retailer’s Mexican bribery scandal. And now Ben Heineman Jr., the former general counsel of the General Electric Company, is calling on Wal-Mart’s board of directors to “get to the bottom” of the alleged scheme and cover-up—and to “possibly discipline or remove the past CEO (who still sits on the board) or the current CEO.” The company “appeared to commit virtually every governance sin in its handling of the Mexican bribery case, if the long, carefully reported New York Times story is true,” Heineman wrote in an article posted Saturday on the Harvard Law School Forum on Corporate Governance. Heineman is a vocal supporter of the U.S. Foreign Corrupt Practices Act, which outlaws bribery of a foreign official for business purposes. He is now a senior fellow at both Harvard’s law school and its Kennedy School of Government. His article goes on to recite the allegations laid out by the Times on April 21, including how Wal-Mart de Mexico leaders approved payments to government officials in exchange for such things as permits and licenses to open hundreds of new stores. And how corporate leaders in Arkansas, including the CEO and then-general counsel Thomas Mars, learned of the allegations in 2005 but failed to pursue them vigorously—and may even have aided in a cover-up. Among the most worrisome governance issues at Wal-Mart, Heineman cites four factors:

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