Volkswage AG said in a statement Sunday that German prosecutors have extended an investigation into alleged market manipulation to include two board members including chairman Hans Dieter Poetsch.
Entries in Martin Winterkorn (5)
Everyone knows that “tone at the top” is important in the ethics and compliance area but the phrase has become a tired and hackneyed cliché. The recent public implosions of established companies and start-ups however, add a fresh perspective and meaning to the concept by illustrating what happens when a CEO or C-suite sets a toxic tone at the top.
Still wondering what the cost of a culture of non-compliance might be? Earlier this month Volkswagen announced it would delay reporting its annual earnings and move back the date of its annual shareholders’ meeting because of uncertainty about the cost of its diesel emissions scandal.
My first car was a VW beetle. It met its emission standards everywhere it went -- which was not far because it did not have an engine.