The Board of Management and Supervisory Board have agreed the strategic orientation of the Volkswagen Group in close consultation. At regular intervals, the two Boards jointly determine progress on the implementation of the strategy and discuss additional measures. The Board of Management provides the Supervisory Board with regular, complete and prompt written and verbal reports on all relevant issues concerning business development, planning and the Company’s situation, including the risk situation, risk management and compliance.
More information on the cooperation between the Board of Management and the Supervisory Board of Volkswagen AG and on the work and structure 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, as well as its committees, may be found in the chapter Executive Bodies.
Extensive explanations of the remuneration system and the individual remuneration of the 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.