Acting Responsibly, Creating Value
Sustainable economic success can only be generated in our Company if we comply with national and international rules and standards, because that is the only way to strengthen the trust of our customers and investors. Transparent and responsible corporate governance takes the highest priority in our daily work. That’s why the Board of Management and the Supervisory Board of Volkswagen AG comply with the recommendations of the current German Corporate Governance Code as issued on June 18, 2009 with only a few exceptions.
CORPORATE GOVERNANCE IN ACCORDANCE WITH THE RECOMMENDATIONS AND SUGGESTIONS OF THE GERMAN CORPORATE GOVERNANCE CODE
The German Corporate Governance Code contains recommendations and suggestions for good corporate governance. They are prepared by the Government commission responsible and are regularly updated on the basis of the main statutory provisions and nationally and internationally recognized standards of corporate governance. These recommendations and suggestions are intended to support successful and transparent corporate governance. For this reason, they provide an important basis for the work of the Board of Management and Supervisory Board of Volkswagen AG.
One of the main goals of the Volkswagen Group is to sustainably increase enterprise value. We achieve this goal by strengthening the trust of all stakeholders through our responsible and transparent corporate governance and by meeting national and international stakeholders’ steadily increasing demands for information.