The Supervisory Board addressed the implementation of the German Corporate Governance Code at the Volkswagen Group at its meetings on February 27 and November 23, 2012. In February’s meeting, we dealt in particular with changes requiring to be made in the course of the year to the declaration of conformity, whose subject matter is presented in the corporate governance report of this annual report. The November meeting primarily discussed the amendments to the Code published by the Government Commission on the German Corporate Governance Code on June 15, 2012. The Board of Management and Supervisory Board issued declarations on the recommendations contained in the Code in accordance with section 161 of the Aktiengesetz (AktG – German Stock Corporation Act) on February 27 and November 23, 2012 respectively.
The joint declarations of conformity by the Board of Management and the Supervisory Board are permanently available on the Volkswagen AG website at www.volkswagenag.com/ir. Further information on the implementation of the recommendations and suggestions contained in the German Corporate Governance Code can be found in the corporate governance report and in the notes to the consolidated financial statements.