The “minions did it” defense

“No Wrongdoing Found in Top Ranks,” The Wall Street Journal, May 12, 2016 B6.  VW asks its shareholders to back the Board at the shareholders meeting next month, sayings that, even though Jones Day hasn’t finished its investigation into the emissions scandal, there were “no serious or manifest breaches of duty of any serving or former members of the Board.”

That must be comforting.  But what does it say about the culture?  Can you make this stuff up?

Advertisements

Leave a comment

Filed under Board, Communications, Compliance, Compliance, Compliance Verification, Controls, Culture, Culture, Data quality, Directors, Duty, Employees, Governance, Inform shareholders, Internal controls, Investor relations, Oversight, Oversight

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s