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aleksandr82 [10.1K]
3 years ago
11

(a) Based on the information provided, describe the ways in which Volkswagen did not fulfill the requirements of effective corpo

rate governance.
(b) In what ways did the Board of Directors sidestep its obligations to protect shareholder interests?


(c) How could Volkswagen better select its Board of Directors to avoid mistakes such as the emissions
scandal in 2015?
Business
1 answer:
Lelu [443]3 years ago
3 0

Answer:

I believe Volkswagen did not fulfill the requirements of effective corporate governance mainly because the board didn’t have enough independent directors present.

The essential driver is the nonappearance of a solid gathering of independent directors. In view of German Corporate law, administration is given by a Management Board and a Supervisory Board, with representatives making up half of the Supervisory Board. This ought to have took into consideration in any event half of the Supervisory Board to be completely independent. While remaining inside the 'letter of the law,' they evaded the 'spirit of the law' by cycling recent former senior executives through the Supervisory Board Chairmanship position and other board positions. This had the impact of expelling genuinely independent oversight.

To select the next board members and avoid any future issues Volkswagen can keep in mind the following things about the board that it is :

Is well informed about the company’s performance.

Guides and judges the CEO and other top executives.

Has the courage to curb management actions the board believes are inappropriate or unduly risky.

Certifies to shareholders that the CEO is doing what the board expects.

Provides insight and advice to management.

Is intensely involved in debating the pros and cons of key decisions and actions

Explanation:

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Candy or cookies? i want to know
frozen [14]

Answer:

Candy

Explanation:

FOLLOW MY ACCOUNT PLS PLS

3 0
2 years ago
Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.45 per pound. 15,700
Andru [333]

Answer:

A) Price       7,080     U

B) Quantity 4,630.5  U

C) Total        11.710,5‬ U

Explanation:

DIRECT MATERIALS VARIANCES

(standard\:cost-actual\:cost) \times actual \: quantity= DM \: price \: variance

std cost  $3.45

actual cost  $3.65

quantity 35,400

difference  $(0.20)

(0.2) \times 35,400 = DM \: price \: variance

price variance  $(7,080.00)

(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: quantity \: variance

std quantity 36110.00

actual quantity 35400.00

std cost  $3.45

difference 710.00

(710) \times 3.45 = DM \: quantity \: variance

quantity variance  $2,449.50

Total Variance: 2,449.5 - 7,080 = -4.630,5‬

8 0
3 years ago
The following data (in millions) are taken from the financial statements of Target Corporation: Recent Year Prior Year Revenue $
amm1812

Answer:

Amount of change in millions (Revenue) = $1,339 (Increase)

Percent of change = 0.08178 = 1.88 % (Approx)

Explanation:

Given:

                       Current   Previous  

Revenue  $72,618  $71,279

Find:

Amount of change in millions = ?

Percent of change = ?

Computation:

⇒ Amount of change in millions (Revenue) = Current year revenue - Previous year revenue

⇒ Amount of change in millions (Revenue) = $72,618 - $71,279

⇒ Amount of change in millions (Revenue) = $1,339 (Increase)

⇒ Percent of change = Amount of change in millions (Revenue) / Previous year revenue

⇒ Percent of change = $1,339 / $71,279

⇒ Percent of change = 0.08178 = 1.88 % (Approx)

3 0
3 years ago
If rice is an inferior good: a. the income elasticity of demand for rice will be positive. b. an increase in income will cause t
tatuchka [14]

Answer: The answer is b -an increase in income will cause the demand curve of an inferior good to shift to the left.

Explanation: An inferior good is a good whose demand reduces as income increases. It's demand has an inverse or negative relationship with income. Therefore as the income of the individual increases, the demand for an inferior good reduces. On a graph, the reduction in demand is depicted by an inward shift of the demand curve or a shift of the demand curve to the left to show a reduction in demand. Income is one of the factors that leads to a shift in the demand curve. The income elasticity would be negative

3 0
3 years ago
A couple thinking about retirement decide to put aside $2,100 each year in a savings plan that earns 7% interest. In 10 years th
Marina86 [1]

Answer:

310,588.5

Explanation:

As is not said we can assume the 2,100 each year to be paid at the end of the year, and the 7% to be used as a compunded anually rate. So let´s first think just about the 2,100, as they are regulary payments, they can be seen as an anuity inmediate, the formula is as follows:

s_{n}=p*\frac{(1+i)^{n}-1 }{i}

where sn is the future value of the regular payments, i is the interest rate and n is the number of payments and p is the amount of regular payment so in this particular case we have:

s_{n}=2,100*\frac{(1+0.07)^{30}-1 }{0.07}

s_{n}==198,367.65

So now let´s think on the gift of 29,000 as it is paid on 10 years, there will remain 20 years with an investment rate of 7% compounded anually. so there we have the classic formula of future value

FV=VP*(1+i)^{n}

where FV is the future value, PV is the present value, i is the interest rate per period, and n is the number of periods. Again in this particular case we have:

FV=29,000*(1+0.07)^{20}

FV=112,220.85

so the total amont will be:

total=198,367.65+112,220.85

total=310,588.5

8 0
3 years ago
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