Automotive News: Hermes urges shareholder backlash against VW on pay policy and the discharge of management in tomorrow's AGM
Want more automotive news regarding recalls and other safety issues? Sign up here »
Hermes urges shareholder backlash against VW on pay policy and the discharge of management in tomorrow's AGM
Dr Hans-Christoph Hirt, head of Hermes' stewardship and engagement team, said the company's recommendation to vote against the discharge of the management and supervisory boards "rests on Volkswagen's unsatisfactory progress in uncovering the corporate governance and culture problems which contributed to the emissions scandal".
