1. VW Reforms Compliance System to Avoid Another Scandal

    VW Reforms Compliance System to Avoid Another Scandal

    The company had taken a "blue sky and sunshine" approach to corporate governance in the past and it would be wrong to think a company of its size and scope could escape any further incidents, he said. "Believe me, we will have the next storm, the next hurricane -- with such a global company...

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    1. Believe me, we will have the next storm, the next hurricane -- with such a global company. And the challenge is to really to implement a robust compliance management system to help us to survive.
    2. Now we have an internal whistleblower system, where you can talk to your colleagues in the compliance department, so you don't have to call outsiders.
    3. In the past, we had 12 different business partner selection systems in the group. Every brand used a different approach, and the results of this process were not shared.
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