Wal-Mart Board Flap Spatters on ChoicePoint

Thomas Coughlin's future as a member of ChoicePoint's board of directors is "a matter for our directors to consider," the company said Monday.

Coughlin resigned from Wal-Mart's board on Friday at the giant retailer's request. That came after an internal investigation turned up evidence of financial improprieties involving between $100,000 and $500,000. Wal-Mart said in a regulatory filing that Coughlin was asked to resign because of a disagreement over the internal investigation as well as "his response to questions concerning his knowledge of certain transactions."

He remains head of the ChoicePoint board's audit committee. In the wake of an incident in which scam artists accessed 145,000 consumer records at ChoicePoint, the data broker is the subject of an informal investigation by the Securities and Exchange Commission and a Federal Trade Commission investigation.

For this complete story, please visit Wal-Mart Board Flap Spatters on ChoicePoint.

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