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12/19/18
Wolfsburg
Volkswagen Group News

Volkswagen introduces new remuneration model for top management

  • Based on remuneration system for Group Board of Management
  • Emphasis on Group idea and joint achievement
  • Stronger focus on financial situation, return targets and share basis

The Volkswagen Group has revised its top management remuneration system. The new model is based on the system used for the Board of Management, strengthens the Group idea and fosters cooperation between brands, regions and countries. In addition, the return targets of the Group are taken into account and a stronger link to share prices has been established. The main new features include greater emphasis on team performance and greater rewards for compliant, upright behavior; the system allows the possibility of taking individual wrongdoing into account in reducing remuneration. The new remuneration system applies from fiscal 2019.

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