The Board of VW can breathe once: At the meeting, shareholders of the company for the past peak talked scandal 2015 confidence from. But it is precisely the state of Lower Saxony missed the board room during the vote an ordinary damper.
The impending fiasco for the management level of the car manufacturer Volkswagen was missing. Late afternoon, the shareholders of the company’s top management expressed their confidence – despite the effects of the gas scandal and despite ongoing investigations. For hours, the participants of the general meeting had debated, until shortly after 21 o’clock finally able to vote to begin.
Both incumbent supervisory board chairman Hans Dieter Pötsch and the retired chief executive Martin Winterkorn were each more than 97 percent of voting rights for the preceding year scandal relieved. Pötsch said last September, when the manipulation of the exhaust gas values were known, held the position of CFO and was changed in October to the supervisory board.
Even Volkswagen boss Herbert Diess spoke the shareholders confidence from. Against him and Winterkorn identified the Braunschweig public prosecutor on suspicion of market manipulation in the course of the diesel scandal. This was preceded by the investigation an indication of the financial supervision BaFin against the entire former executive for market manipulation
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VW Lace continues repentant course
Before the vote Pötsch had again apologized for the scandal diesel with the shareholders. He regretted that the scandal “in this great company casts a shadow”. But the group must now remain effective, warned the chairman of the board and stressed the company is the current board “in good hands”.
Even VW CEO Matthias Müller pursued his repentant course before the shareholders further: “This misconduct contradicts everything what Volkswagen stands It has our greatest asset damage:.. people’s confidence in our company and our products”
Niedersachsen denied Winterkorn and Diess confidence
But not every shareholder shared this view. Just Land Niedersachsen missed the VW-top as a major shareholder ordinary damper. It abstained in the vote on the discharge of ex-CEO Winterkorn and brand chief Diess and refused the two so that the vote of confidence. Lower Saxony holds 20 percent in the company.
The state wants to preserve the neutrality, as long as the scandal will worked, a statement said. “Lower Saxony would not give the slightest impression to position itself on the issue of the ongoing investigation in the current process status”, informed a spokeswoman for the regional government. They further stressed that the presumption of innocence applies, to the public prosecutor’s investigations were completed: “Hasty conclusions ban themselves.”
however was decisive the vote of Porsche Holding PSE as the most important major shareholder behind which the owner Porsche and Piëch families are. The PSE holds just over 50 percent of the vote at VW and had already announced prior to the meeting to speak out for the discharge of management.
decided Lower Dividend
in addition, the shareholders approved the payment of a dividend, which, however, much will be lower than in the previous year. Per ordinary share, there are eleven cents. The year before the figure was 4.80 euros. 17 cents per preference share be paid – to 4.86 euros in the previous year
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