Walmart's BOD
Board Members of Walmart
Rob Walton: Chairman of the Board of Directors
Who are the board members? What are their backgrounds? Where do they work, and what do they do? What qualifies them to be on the board?
He is the son of Sam Walton, the founder of Walmart.
He joined the company in 1969 and shared variety of positions like Senior Vice president, Company Secretary, general counsel and vice chairman.
Before being in Walmart, Rob was a Partner at law Firm of Conner & Winters in Tulsa, Okla.
He is currently associated with many nonprofit and educational organizations including being Chairman of Executive Committee at Conservation International and the Emeritus Life Trustee at College of Wooster
Are they internal or external members? How long have they served on the board?
Internal Member (Chairman) (Executive Committee; Global Compensation Committee) – Since 1978.
Do they own significant shares of stock? Are they paid in cash or stock options?
No, he does not have a significant shareholding in the company. He is paid both in Cash and Stock Awards but not Options.
Does the company have an insider who controls a separate voting class of shares? NO
What do the board members contribute to the company in terms of knowledge, skills, background, and connections? If the company has international operations, do board members have international experience?
Possess In depth knowledge and leadership experience with Walmart. The Board benefits from his expertise in corporate governance and strategic planning gained through his service on the boards and other governing entities of numerous non-profit organizations, as well as his legal and corporate governance expertise gained as Walmart’s Corporate Secretary and General Counsel and as an attorney in private practice.
What is their level of involvement in Strategic management? Do they merely Rubber –Stamp Top Management’s proposals, or do they actively participate and suggest future directions.
Rob Walton: Chairman of the Board of Directors
Who are the board members? What are their backgrounds? Where do they work, and what do they do? What qualifies them to be on the board?
He is the son of Sam Walton, the founder of Walmart.
He joined the company in 1969 and shared variety of positions like Senior Vice president, Company Secretary, general counsel and vice chairman.
Before being in Walmart, Rob was a Partner at law Firm of Conner & Winters in Tulsa, Okla.
He is currently associated with many nonprofit and educational organizations including being Chairman of Executive Committee at Conservation International and the Emeritus Life Trustee at College of Wooster
Are they internal or external members? How long have they served on the board?
Internal Member (Chairman) (Executive Committee; Global Compensation Committee) – Since 1978.
Do they own significant shares of stock? Are they paid in cash or stock options?
No, he does not have a significant shareholding in the company. He is paid both in Cash and Stock Awards but not Options.
Does the company have an insider who controls a separate voting class of shares? NO
What do the board members contribute to the company in terms of knowledge, skills, background, and connections? If the company has international operations, do board members have international experience?
Possess In depth knowledge and leadership experience with Walmart. The Board benefits from his expertise in corporate governance and strategic planning gained through his service on the boards and other governing entities of numerous non-profit organizations, as well as his legal and corporate governance expertise gained as Walmart’s Corporate Secretary and General Counsel and as an attorney in private practice.
What is their level of involvement in Strategic management? Do they merely Rubber –Stamp Top Management’s proposals, or do they actively participate and suggest future directions.