Communication and Transparency

We publish a financial calendar listing all the important dates for our shareholders in the Annual Report, in the interim reports and on our website at In addition, we also publish on our website the invitation to and the agenda of the Annual General Meeting. At the Annual General Meeting, shareholders have the option of exercising their voting rights themselves, having this right exercised on their behalf by a third-party proxy granted power of attorney, or by a proxy designated by the Company who will vote on their behalf in accordance with their voting instructions. Moreover, we offer our shareholders the option of following the entire AGM on the Internet.

The Company’s ad hoc releases are also published without delay on our website at under the heading “Mandatory Publications”, menu item “Ad-hoc releases”. The website also provides additional advice and information about the Volkswagen Group. All releases and other information are available in both English and German. A detailed list of all communications published in 2008 relating to the capital markets is included in the annual document required by section 10 of the Wertpapierprospektgesetz (WpPG – German Securities Prospectus Act), which can also be accessed on the website described above under the heading “Mandatory Publications”.

Directors’ dealings (section 15a WpHG) can be accessed at under the heading “Mandatory Publications”, menu item “Directors’ Dealings”.

In addition, details of the notifications filed in compliance with sections 21 ff. of the WpHG during the reporting period can be found on the same website under the heading “Mandatory Publications”, menu item “Reporting of voting rights according to WpHG”.

Notifications relating to other legal issues may be downloaded there under the heading “Mandatory Publications”, menu item “Other legal issues”.

The supervisory body offices held by Board of Management members and Supervisory Board members are listed in chapter Executive Bodies.

Since January 2006, Volkswagen AG has had a global anti-corruption system with independent lawyers as ombudsmen and an internal Anti-Corruption Officer. They can also be contacted by persons wishing to provide information on suspected instances of corruption within the Group. In 2008, the ombudsmen passed on information provided by persons who remained anonymous to Volkswagen AG’s internal Anti-Corruption Officer in 38 cases. All information is followed up.


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