On April 25, 2017, the Weinberg Center co-hosted with the Association of Corporate Counsel a panel discussion, "Volkswagen Emissions Scandal – Lessons for Investors, Boards, Chief Legal Officers, and Compliance and Governance Professionals" The program was sponsored by Bloomberg Law.
Using the current conflagration enveloping Volkswagen involving a massive emissions regulation evasion scheme as a backdrop, the panel discussed the importance of appropriate board composition, theory, structure, appropriate compensation incentives, and compliance programs in assuring an ethical corporate culture that promotes integrity and ultimate company success. The panel also discussed lessons, as well as practical steps, that investors, boards, chief legal officers, and compliance and governance professionals can take to avoid problems such as those faced by Volkswagen and other companies with recent compliance/ethical breakdowns.
After the program, Bloomberg interviewed some of the panelists. To view the interviews, please see the links below:
- Anton Valukas, Chairman of the Firm, Jenner & Block
- Bob Bostrom, Senior Vice President, General Counsel and Corporate Secretary, Abercrombie & Fitch Co.
- Charles Elson, Edgar S. Woolard Chair in Corporate Governance; Director, John L. Weinberg Center for Corporate Governance, and Professor of Finance
- Professor Christian Strenger, Academic Director, Center for corproate Governance, HHL Leipzig Graduate School of Management
For more information about the program and to see the program materials, go Here.