Corporate Governance and Declaration of conformity
The Supervisory Board meeting on November 18, 2016 focused on the implementation of the recommendations and suggestions of the German Corporate Governance Code at the Volkswagen Group. We discussed in detail the version of the German Corporate Governance Code dated May 5, 2015, as published by the relevant government commission on June 12, 2015, and issued the annual declaration of conformity with the recommendations of the German Corporate Governance Code in accordance with section 161 of the Aktiengesetz (AktG – German Stock Corporation Act) together with the Board of Management. Apart from this declaration, the Board of Management and Supervisory Board of Volkswagen AG jointly issued a supplement to the declaration of conformity of November 20, 2015 in the reporting period on March 14, 2016 and on April 22, 2016.
The joint declarations of conformity by the Board of Management and the Supervisory Board are permanently available at www.volkswagenag.com/ir. Additional information on the implementation of the recommendations and suggestions of the German Corporate Governance Code can be found in the corporate governance report and in the notes to the consolidated financial statements of this annual report.