Volkswagen to face investors over emissions scandal
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The event in Hanover on Wednesday will be the first investor meeting since the company admitted rigging emissions readings for 11 million of its diesel-engineered vehicles.
Corporate governance advisory groups such as Pirc and Hermes EOS have urged shareholders to reject a vote of confidence in the Volkswagen board, now led by new chief executive Matthias Mueller.
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Hide AdHermes has also called for a special audit to probe whether the lack of independent directors at the company led to inadequate scrutiny of the management team.
Volkswagen’s revenues fell 2 per cent in the first five months of 2016, which analysts have attributed to damaged public trust in the group, which is 52 per cent owned by the Porsche family.