Relationship Between Corporate Governance and Corporate Performance
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You are requested to write up a report, which addresses the relationship between corporate governance and corporate performance. As a means of illustrating this relationship, you are to conduct a critical analysis of the problems that took place at Volkswagen Limited in 2015.
As the recently appointed company secretary, you have been requested to present a report, which addresses the relationship between corporate governance and corporate performance. As a means of illustrating this relationship, you are to conduct a critical analysis of the problems in corporate governance and ethics at Volkswagen and identify how the principles of corporate governance and ethics failed.
Why did nobody blow the whistle? What mechanisms are in place to protect whistle blowers and are these mechanisms sufficient to protect the various stakeholders?
Specific areas to be addressed are:
• Identify the deficiencies in the system of corporate governance and ethics of Volkswagen.
• Describe the circumstances which led to their breakdown.
• Why did nobody from within the organisation blow the whistle?
• What mechanisms are in place to protect whistle blowers and are these mechanisms sufficient to protect the various stakeholders?
• Recommend strategy/ies that should have been implemented so as to avoid the scandal.
• Detail the lessons to be learned from this case study
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