Murat Ünal

Thanks for the detailed comment Murat.

Yes, one thing is for sure that VW did not have the checks and balances in its supervisory board that it was supposed to have, the kind you are suggesting.

I found a passage in an article in New York Times today, "Problems at Volkswagen Start in the Boardroom", which, among other things, talks about lack of independent directors. I am copy-pasting from it below.

"One measure of Mr. Piëch’s influence: In 2012, shareholders elected his fourth wife, Ursula, a former kindergarten teacher who had been the Piëch family’s governess before her marriage to Ferdinand, to the company’s supervisory board."

http://www.nytimes.com/2015/09/25/business/international/problems-at-vo…

This was public information.

Regards

Usman