Conflicts of interest
Mr. Jürgen Dorn, member of the Supervisory Board of Volkswagen AG, who is also a member of the Supervisory Boards of MAN SE and MAN Truck & Bus AG, did not take part in the resolution on April 24, 2013 on the conclusion of a control and profit and loss transfer agreement with MAN SE. The Chairman of the Supervisory Board of Volkswagen AG, who is also the Chairman of the Supervisory Board of MAN SE, participated in the resolution.
At the above-mentioned meeting, the Supervisory Board also resolved that the Board of Management of Volkswagen AG would vote at the Annual General Meeting of AUDI AG to elect Ms. Ursula Piëch to the Supervisory Board and to elect the remaining shareholder representatives on the Supervisory Board of AUDI AG for an additional term of office. Ms. Ursula Piëch, who is a member of the Supervisory Board of Volkswagen AG, did not participate in this resolution.
At its meeting on November 22, 2013, the Supervisory Board approved the acquisition of the MAN financial services companies by Volkswagen Financial Services AG companies. Mr. Jürgen Dorn abstained from voting. Prof. Dr. Ferdinand K. Piëch took part in the vote.
At its meetings on April 24 and November 21, 2013, the Executive Committee of the Supervisory Board addressed topics previously dealt with by the Committee for Major Shareholder Business Relationships (Ausschuss für Geschäfte mit Großaktionären – AfGG), which was dissolved on September 21, 2012. In this context, the Executive Committee granted individual approvals to transactions with Porsche Automobil Holding SE and the State of Lower Saxony. The Executive Committee members who are also members of the Supervisory Board of Porsche Automobil Holding SE took part in the votes. Executive Committee member Mr. Stephan Weil is Minister-President of the State of Lower Saxony and also took part in the votes. The Executive Committee members were guided exclusively by the interests of the Company when voting. No material conflicts of interest were discernible in this respect. All approvals were granted unanimously.
No other discernible conflicts of interest were reported or arose in the reporting period.