- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
German authorities on Wednesday fined Volkswagen a total of €1 billion (U.S. $1.2 billion) resulting from the company’s long-running emissions-cheating scandal.
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A look at a recent court case against car manufacturer Volkswagen once again places the company in the spotlight but, perhaps more importantly, offers some lessons in how to live up to shareholder expectations of good governance that protects their investment.
Kohler must pay a $20 million civil penalty in a settlement reached Thursday with the Department of Justice, Environmental Protection Agency, and state of California over alleged violations of the Clean Air Act and California law.
German prosecutors have charged two current Volkswagen executives and its former CEO for alleged market manipulation practices relating to its emissions-cheating scandal. In a separate action, Daimler was fined $960 million, also related to emissions cheating.
