Study Illustration Capsule 2.4: Corporate Governance Failures at Volkswagen on page 40 of our textbook and answer the following questions:

1. Based on the information provided, describe the ways in which Volkswagen did not fulfill the requirements of effective corporate governance.
2. In what ways did the Board of Directors sidestep its obligations to protect shareholder interests?
3. How could Volkswagen better select its Board of Directors to avoid mistakes such as the emissions scandal in 2015?