The Annual General Meeting of Volkswagen Aktiengesellschaft took place today online for the second time due to the Covid-19 pandemic. The shareholders voted by a majority of 99.99 percent to approve the recommendation of the Board of Management and the Supervisory Board to pay the same dividend as in the previous two years of 4.80 EUR per ordinary share and 4.86 EUR per preferred share for fiscal year 2020. As in fiscal years 2018 and 2019, approximately 2.4 billion EUR will therefore be distributed to shareholders. The resolution on the formal approval of the actions of the members of the Board of Management and the Supervisory Board who held office in 2020 was passed.
Furthermore, the resolution to approve the enhanced remuneration system for the members of the Board of Management was passed by a majority of 99.61 percent. Sustainability targets, for example, have now also been integrated in this system.
The shareholders also passed the resolutions to approve the settlement agreements with the former Chairman of the Board of Management Professor Martin Winterkorn and the former Member of the Board of Management and Chairman of the Board of Management of AUDI AG Rupert Stadler, as well as the agreement on settlement amounts with regard to D&O insurance by a large majority of over 99.9 percent.
The Chairman of the Supervisory Board Hans Dieter Pötsch was reelected to the Supervisory Board for a full term of office and confirmed in his post by the Supervisory Board. Dr. Louise Kiesling was also reelected to the Supervisory Board for a full term of office.