- Based on remuneration system for Board of Management and top management
- Emphasis on entrepreneurship, team spirit and Group idea
- Focus on financial situation, return targets and share basis
Volkswagen introduces new remuneration model for 18,000 managers worldwide
Volkswagen is introducing a new remuneration system for managers in the Group from 2020. The new model applies for some 18,000 managers worldwide and is based on the revised system for the Board of Management and top management already in effect. The central goal is to strengthen entrepreneurship. The new model takes return targets into account and establishes a link to share prices, it reinforces the Group idea, fosters cooperation between Group brands, companies and regions. At the same time, the system strengthens integrity and compliant conduct because it includes the possibility of taking individual wrongdoing into account when determining the variable remuneration element.