Volkswagen Shareholders Demand Carmaker Reform ‘Highly Problematic’ Governance

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VW Group CEO Oliver Blume is at the head of two Dax companies: Volkswagen and Porsche. The shareholders don't like this: "Part-time CEO" should please opt for an office.

At the Annual General Meeting of VW, CEO Blume is confronted with criticism of his dual role as the chiefs of VW and Porsche. Given the crisis of the companies, this is no longer bearable, the allegation is.

Oliver Blume is critical: VW shareholders demand the withdrawal of the top manager from the Porsche top. They accuse him of being a "part-time boss" in both companies due to his dual role.

He is at the head of two Dax companies: Porsche and VW CEO Oliver Blume. VW shareholders have this in mind. At the Annual General Meeting, they demand an end to the double role. Blume is waving off.

Volkswagen shareholders demand carmaker reform ‘highly problematic’ governance

By Victoria Waldersee BERLIN (Reuters) -Volkswagen’s shareholders renewed their criticism of the automaker’s corporate governance on Friday, demanding greater board independence and expressing growing concern over the dominance of the German company’s controlling families. At the carmaker’s virtual annual general meeting, several major investors took aim at CEO Oliver Blume’s dual role as head of both Volkswagen and Porsche AG, a contentious iss…