Supervisory Board Backs VW Management

Supervisory Board Backs VW Management

0 comments 📅28 March 2017, 23:00

Volkswagen is sponsorship its management board in its handling of the TDI scandal and the plan to move forward, in a statement.

The announcement comes ahead of VW’s Annual General Meeting, where shareholders will be skilful to vote to support (or not) the actions of the board of management.

“The Supervisory Board is expressing its nerve in the entire Board of Management’s ability to successfully push ahead with the great realignment of the Group,” the Supervisory Board wrote in a statement.

This particular timber of management helmed VW as it navigated through one of its most difficult scandals and the Supervisory Meals’s statement suggests that it is satisfied with how it was handled.

The decision comes as a result of an “in-insight legal appraisal” from law firm Geiss Lutz. It based its assessment on findings from Jones Day, which conducted VW’s internal analysis into the dieselgate scandal.

Volkswagen’s AGM is set for May 10.

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