A billion here, a billion there

Eventually, you’re talking real money.

“Volkswagen Fined $1 Billion in Germany,” The Wall Street Journal, June 14, 2018 B4. Fine for “dereliction of management oversight” following the diesel emissions-testing scandal.  Somewhat broader than a Caremark claim.

Will the directors have to pay anything out of their pockets?  Or just their shareholders’ pockets?

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Filed under Board, Compliance, Compliance, Compliance (General), Controls, Corporation, Culture, Culture, Directors, Duty, Governance, Internal controls, Oversight, Oversight

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