- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
VW is currently demonstrating it can use a corporate scandal to wipe the corporate slate clean by refocusing on the emerging technologies for a greater business share.
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Shareholders seeking damages worth €9.2 billion (U.S. $10.6 billion) have taken German car giant Volkswagen to court in Germany for failing to inform them fully of the financial impact that the emissions cheating scandal would have on the company’s share price.
At Compliance Week 2018 on Tuesday, Hiltrud Werner, head of integrity and legal affairs at Volkswagen Group, spoke of how VW is recovering from a recent scandal and trying to emerge a stronger, better company from lessons learned.
Data governance has become a key concern for companies, especially when the EU AI Act and General Data Protection Regulation have put a premium on handling data responsibly and ensuring that artificial intelligence does not cause harm.
