Wal-Mart's Annual Voting Results
Christopher J. Williams’ time as Executive Director and Chairman of the Audit
Committee for Wal-Mart Stores, Inc. is far from over after the most recent shareholder
vote. The company’s shareholders proposed to re-elect 14 directors and elect one new
director at the annual meeting held in June 2012 in Fayetteville, Arkansas. Mr. Williams
won with more than 86% of the shareholder vote.
This affirmation for Williams came while the company’s Mexico division’s public
integrity troubles has produced rancor among a few institutional shareholders such as
the New York City Pension Fund and California Public Employees’ Retirement System,
following the Wal-Mex bribery allegations from the mid 2000’s. Williams returns as the
chairman of the Board of Directors Audit Committee
Mr. Williams is described as soft-spoken but straight talking. His unique focus on
customer service has created an extremely loyal client base. The discipline
demonstrated by Mr. Williams against fast buck temptations saved his clients and also
secured his Moody’s and S&P triple A rating earlier this year. These strategic decisions
ultimately trumped more speculative investors.
Mr. Williams is founder, chairperson, and CEO of Williams Capital Group. He has a
Bachelor’s Degree from Howard University and an M.B.A. from the Tuck School of
Business at Dartmouth. He also serves on the Board of Directors for Caesars
Entertainment Operating Company, the Lincoln Center for the Performing Arts, Inc., and
Cox Enterprises, Inc. to name a few. Him and his wife, Janice Slavin Williams, have
been longstanding supporters of the Fresh Air Fund and Partnership with Children.