Corporate Governance and Accountability : Assignment

Running Head: Corporate governance and accountability
1
Project Report: corporate governance and accountability

Corporate governance and accountability 2
Contents
Project Report: corporate governance and accountability................................................1
Introduction.......................................................................................................................3
Comapny overview...........................................................................................................3
Case discussion.................................................................................................................4
Analysis of scandal events................................................................................................5
Evaluation of the case.......................................................................................................6
Conclusion........................................................................................................................7
References.........................................................................................................................9

Corporate governance and accountability 3
Introduction:
In this report, a major public scandal done by the Volkswagen has been analyzed.
This report depicts that how that scandal has impacted over the performance of the business
and the society as whole. For this report, various newspaper article, journal article, annual
report of the comapny, stakeholder’s report etc has been analyzed and found that by what
level the performance, stability, flexibility, position, profitability etc of the comapny has been
impacted. For analyzing this scandal, firstly, the comapny background has been analyzed.
Further, the scandal has been studied and it has been evaluated that how much it has impacted
over the position of the comapny.
In addition, the scandal event done by the company has been analyzed. This scandal
depict that the event done by the comapny has impacted over the overall performance f the
comapny (Thomas and Cotter, 2007). For this report, primary and secondary data has been
used to identify that what was the level of the scandal and how it has affected the society and
the stakeholders of the comapny. Corporate governance strategy of the comapny has been
analyzed and on the basis of that strategy, the scandal level of the comapny has been
investigated.
Comapny overview:
Volkswagen is a German comapny which manufactures the automobile products. It
operates its activities as a manufacturer as well as the distributor of automobile parts in the
international market. This comapny has diversified its business globally; this comapny has
many subsidiary companies as well to run the business and activities of the comapny in
international market smoothly (Palpacuer, 2008). The main activities of the business are to
design, produce and distribute the cars and various other vehicles in global market. Mainly
two division of the company carries out its activities which are financial services and namely
automobile. The division of automobile contains the development of engines and vehicles as
well as the selling and manufacturing of commercial vehicles, buses, passenger cars and
trucks. Financial division of the comapny involves customer financing, dealer financing,
baking, leasing and other insurance services, fleet management and rentals management
(Nitschke and Innes, 2008).
This comapny leads the international market in the car segment. The major production
line of the company is POLO, Volkswagen POLO etc. the major emphasize of the business is