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    volkswagen

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    shahzadshezi93

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    volkswagen

    Uploaded by

    shahzadshezi93
    1 views6 pages

    Copyright

    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    1 views6 pages

    volkswagen

    Uploaded by

    shahzadshezi93

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 6

    Breaking Trust: The Volkswagen

    Emissions Scandal
    Trust vs Betrayal

     Promise: Volkswagen marketed their diesel cars as


    environmentally friendly, claiming they were fuel-
    efficient and had low emissions.

     Deception: Secret software was installed in at least 11


    million vehicles, which manipulated emissions tests to
    make the cars appear compliant when in reality, they
    emitted pollutants up to 40 times higher than legal
    limits.
    When Oversight Fails

     Lack of Oversight: Volkswagen’s supervisory board


    failed to monitor or challenge management’s actions,
    allowing the scandal to unfold.
     Weak Governance: The board, filled with former
    executives or family members, didn’t provide
    independent oversight. Their lack of technical
    expertise and accountability contributed to the failure.
    When Scandals Unfold: The Price
    of Wrongdoing
     Financial Impact: Volkswagen faced heavy fines,
    totaling more than €7 billion in penalties and lawsuits.

     Reputation Damage: The scandal significantly damaged


    the company’s reputation, eroding consumer trust and
    hurting sales.

     Loss of Public Trust: Consumers, shareholders, and the


    general public lost trust in Volkswagen, which had prided
    itself on its environmental image.
    Restoring Trust: Volkswagen’s
    Journey After the Scandal

     Appoint Independent Directors: Appointing


    external, independent directors can ensure better
    oversight of corporate decisions.
     Implement Stronger Risk Management:
    Enhancing the company’s internal risk management
    systems will prevent future misconduct and better
    handle corporate responsibility.
     Commit to Transparency: Open communication
    with the public, consumers, and shareholders about
    their practices is essential to regain trust.
    Thank You.

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