This paper is in line with the dictum 'what gets measured gets managed', second in the series on Volkswagen. Corporate Governance is one of those loose jargon floating for quite some time in Corporate world. On Volkswagen fiasco that rocked the corporate world immediate reaction was to buttonhole on this jargon as the culprit. Is it so? Have a look at this paper and please do react.
21. i 20150930_Verhaltensgrundsätze+-+update_coc_englisch_digital.pdf
ii http://www.volkswagenag.com/content/vwcorp/content/en/the_group/strategy.html
iii EIU report_v2_A4_Apr14. dated 15th April 2011, KPMG International in cooperation with EIU on Corporate
Sustainability - A Progress Report - (page29)
iv The Economist - A Mucky Business - http://www.economist.com/news/briefing/21667918-systematic-fraud-
worlds-biggest-carmaker-threatens-engulf-entire-industry-and
v Volkswagen http://www.volkswagenag.com/content/vwcorp/info_center/en/news/2015/10/Frank_Witter.html
vi GAO, United States Government Accountability Office, By the Comptroller General of the United States, Government
Auditing Standards January 2007 Revision.