Germany's Sueddeutsche Zeitung newspaper said VW's supervisory board had already picked Schot for the job and only needed the formal approval of Audi's directors.
Mr. Jain, who will step down from his role on June 30th, 2015, was asked by the Supervisory Board to remain as a consultant with the bank from July 1st, 2015 until January of 2016.
The Supervisory Board, on the basis of extensive investigations by several leading law firms and forensic advisors, and taking into account the findings of regulators and supervisory authorities in relation to the matters themselves, has decided not to hold the Management Board members personally liable.
Auditors and the Board of Auditors shall not limit their range of activity in an excessive manner, shall flexibly and proactively exercise their rights and offer appropriate comments at a meeting of the Board of Directors and to Directors as well as Executive Officers.
Currently, the Board of Auditors consists of four members(One corporate auditor, within the company and three corporate auditors outside the company). Three of the four members were appointed as independent directors in accordance with rules stipulated by the Tokyo Stock Exchange and these members report to the TSE.
Corporate auditors and a Board of Corporate Auditors recognizes their fiduciary responsibility to the shareholders, legally monitors business execution of directors from the independent objective standpoint as well as oversights in light of appropriateness by daily auditing.
The corporate auditors and the Board of Corporate Auditors recognize their fiduciary responsibility to the shareholders, legally monitor the business execution of directors from an independent objective standpoint and exercise oversight to ensure appropriateness through daily audits.
The Board of Corporate Auditors consists of three corporate auditors. In addition to conducting audits based on the policies and plans determined by the Board of Corporate Auditors, the corporate auditors monitor and audit the operational execution of the Group's representative directors and the management performance of its directors.
The Board of Corporate Auditors consists of four Corporate Auditors, of whom two are Outside Corporate Auditors. They actively attend not only meetings of the Board of Directors but also other important meetings concerning business execution, as part of a structure the Company considers effective for constantly auditing the status of management and performance of duties.
監査役会は、。
The Supervisory Board.
同監査役会は、クレメント・B・。
The Supervisory Board proposes that Clement B.
監査役会は、エージェンシーの最高共同管理機関であります。
The Supervisory Board is the Agency's senior collective management body.
監査役会は、その決議によって常勤監査役を選定します。
Audit& Supervisory Board elects full-time Audit& Supervisory Board Members by its resolution.
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