DSW, Germany's leading investors association and member of BETTER FINANCE, just announced that it will add the request for a special audit to the agenda of the annual general meeting of Volkswagen on 22 of June 2016. DSW will request:
“The appointment of a special independent auditor in accordance with Section 142, Paragraph 1 of the German Stock Corporation Act to audit important details connected with “Dieselgate”, including the question whether the management and supervisory board of Volkswagen AG violated their legal duties and thereby harmed the company.
Furthermore the audit shall examine whether the company’s risk management and compliance system has been reviewed and adequately adjusted in the meantime.”
DSW succeeded in collecting enough shares by important VW shareholders in order to reach the necessary quorum (of 500.000 € nominal value) to supplement the agenda.
This is a major step forward for all minority shareholders of VW, shedding more light on the “Dieselgate” affair, seeing that the Jones Day report has so far not been disclosed to the public.
Any investor holding shares of Volkswagen, who would like to support the DSW request to appoint a special independent auditor at the general meeting of VW, is invited to send their votes to DSW or provide corresponding vote instructions.
You will find the complete request in German on the DSW website.