Statement by Volkswagen AG on a press recover from a Braunschweig open charge service

Posted on 21. Jun, 2016 by in Volkswagen Canada

The arising by a Braunschweig open charge use on Jun 17, 2016 of examination record opposite dual members of a former Board of Management usually became famous to Volkswagen AG immediately before today’s announcement of a analogous press release.
Today’s press recover from a Braunschweig open charge use does not bring any new contribution or information on any critical breaches of avocation by a members of a Board of Management now accused.

Volkswagen AG’s recommendation to a Annual General Meeting concerning grave capitulation of a actions of a Supervisory Board and Board of Management is formed on information now accessible from a extensive nonetheless not nonetheless resolved examination into a diesel matter by a eccentric investigator, U.S. law organisation Jones Day. On this basis, law organisation Gleiss Lutz carried out a extensive authorised review, that has been reliable by Professor Wulf Goette (retired arch probity during a German Federal Court of Justice). The Board of Management likewise performed a recommendation of law organisation CMS Hasche Sigle. In both of these authorised reviews, according to information now available, no critical and perceptible breaches of avocation on a partial of any portion or former members of a Board of Management have been determined that would mount in a approach of extenuation grave capitulation during this time. This is a basement for a recommendation concerning grave approval.

As has been designed for some time, a Supervisory Board and a Board of Management will once again obtain authorised recommendation from a aforementioned law firms before to a Annual General Meeting concerning either there is any new information to be taken into comment with courtesy to grave capitulation of a actions of a members of a Board of Management and Supervisory Board for mercantile year 2015.

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