Let the little heads roll

A VW engineer plead guilty in the emissions scandal. “VW Engineer Admits Diesel Scam,” The Wall Street Journal, September 10, 2016, A1.

What about his manager?  Who else should be charged?  The shareholders lost billions – why shouldn’t negligent managers pay damages to the shareholders?  What about the Board?  Who else knew or should have known, and who failed to report?  What was the culture that allowed this?

The engineer continues to cooperate with the US government, so maybe more heads will roll, both here and abroad.  The Yates memo doesn’t mean anything if only the corporation (i.e., the shareholders) and the lowly engineer bear the cost of the breaches of duty.

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Filed under Board, Business Case, Compliance, Compliance, Compliance, Compliance Verification, Controls, Culture, Culture, Directors, Duty, Duty of Care, Employees, Governance, Internal controls, Management, New Implications, Oversight, Oversight, Protect assets, Risk

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