Funny games at Volkswagen

The inability of VW's board to bring Chairman Piech to account over the share transaction with his family's Porsche AG underlines that the role of non-executive directors is in urgent need of reform. The German system of Co--Determination (where staff/unions control half the board seats) just is an extra complication. Board Members are easily turned into 'insiders' that are in the Chief Executive's or Chairman's pocket.