Cooperation between the Board of Management and the Supervisory Board


The Board of Management agrees the strategic orientation of the Volkswagen Group with the Supervisory Board. The two Boards jointly discuss progress on the implementation of the strategy at regular intervals. The Supervisory Board is provided by the Board of Management with regular, complete and prompt verbal and written reports on all issues relevant to the Company relating to planning, business development, the risk situation, risk management, including the internal control system, and compliance.

More information on the cooperation between the Board of Management and the Supervisory Board of Volkswagen AG and on the work and membership of the committees of the Supervisory Board can be found in the Report of the Supervisory Board. Information on the membership of the Board of Management and Supervisory Board may be found in chapter Executive Bodies.

REMUNERATION REPORT

Extensive details of the remuneration of all members of the Board of Management and the Supervisory Board may be found in the Remuneration Report.

CORPORATE GOVERNANCE DECLARATION

The corporate governance declaration is permanently available on our website at www.volkswagenag.com/ir.

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