Volkswagen AGM approves board actions, re-elects Pötsch, passes D&O and Winterkorn settlements
At Volkswagen's Annual General Meeting, shareholders overwhelmingly approved board actions and re-elected Hans Dieter Pötsch as Supervisory Board Chairman.
- 97.46%
- 99.99%
What Happened
Volkswagen's Annual General Meeting passed resolutions to formally approve the actions of the Board of Management and Supervisory Board members who served in fiscal 2025 by a large majority. Additionally, shareholders re-elected Hans Dieter Pötsch to the Supervisory Board, and he was subsequently confirmed as Chairman. The meeting also approved a new coverage settlement with D&O insurers by 97.46% of votes cast, replacing an invalidated 2021 settlement. Furthermore, a confirmation resolution regarding the liability settlement with former CEO Martin Winterkorn was passed with 99.99% approval.
97.46%%
Votes cast in favor
99.99%%
Votes cast in favor
Why this matters
The shareholder votes solidify Volkswagen's governance and resolve legal uncertainties, including a new D&O insurance settlement and confirmation of a liability settlement with former CEO Winterkorn.
Terms in This Story
- Supervisory Board
- A corporate body that oversees the management board in a two-tier board system, common in Germany.
- D&O insurance
- Directors and Officers liability insurance that protects company leaders from personal losses in lawsuits.
Summarised from the linked release; details can be imperfect — always verify against the original source.