Looking at why and how VW committed the fraud is also an opportunity to examine practices related to environmental monitoring in the automotive industry and whether the reaction to the scandal is really likely to prevent another one from occurring.
Whistleblowing has become a major news item again since Edward Snowden recently decided to expose secretive materials of the National Security Agency. What about whistleblowing in the corporate world? During the St. Gallen Symposium in Switzerland, Michael Woodford (former CEO of the Olympus Corporation) shared his insights and experiences in whistleblowing in the Olympus scandal. His story provides us with valuable lessons regarding corporate governance and human nature, but an elementary question remains: where do we go from here? ST GALLEN, Switzerland – Whistleblowing: an act of courage or betrayal?