Unfortunately for shareholders in general, the two main shareholders in Volkswagen will come to an agreement between tehmselves behind closed doors and other shareholders, who own the majority of the shares, will be left out in the cold.
It is unlikely that the interest of shareholders in general will be top o the agenda. Not a day for good governnance.
Onésimo Alvarez-Moro
See article:
Porsche and Lower Saxony, the two largest shareholders in German carmaker Volkswagen, are close to resolving their bitter feud over board representation and corporate governance.
The compromise would involve Ferdinand Piëch, VW's controversial supervisory board chairman, remaining in the post until his term runs out next year, while Wendelin Wiedeking, Porsche chief executive, would join the board at May's annual meeting.
See full Article.
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