Volkswagen ( VW ) shareholders have been urged to oppose both the company ’s dividend payments and a vote of confidence in its management by an independent advisory panel . PIRC believes that VW ’s board has failed to address a range of corporate governance issues at the time , including the " overlap of major shareholders and controlling functions , a remuneration fee excessively charged to sales , the absence of a whistle blowing system and an apparently inefficient internal audit system " .
Volkswagen (VW) shareholders have been advised to oppose both the company’s dividend proposals and a vote of confidence in its management by an investor advisory firm. PIRC believes that VW’s board has failed to address a range of corporate governance issues at the company, including the "overlap of major shareholders and controlling functions, a remuneration structure excessively linked to sales, the absence of a whistle blowing system and an apparently inefficient internal audit system".