Corporate Governance and Declaration of conformity

One of the topics addressed at the Supervisory Board meeting on November 14, 2025 was the implementation of the recommendations and suggestions of the Code in the Volkswagen Group. We discussed the Code’s requirements in detail and together with the Board of Management we issued the annual declaration of conformity with the recommendations of the Code in accordance with section 161 of the AktG.

The joint declarations of conformity by the Board of Management and the Supervisory Board are permanently available at www.volkswagen-group.com/declaration. Additional information on the implementation of the recommendations and suggestions of the Code can be found in the Group Corporate Governance Declaration.

The Audit Committee has agreed on a suitable procedure with the Board of Management for the ongoing monitoring of the Volkswagen Group’s related-party transactions. In some cases, related-party transactions are subject to a requirement that the Supervisory Board provide consent and to a disclosure obligation. The procedure for the ongoing monitoring of related-party transactions and the approach taken by the Supervisory Board are described in detail in the Group Corporate Governance Declaration. In the reporting year, there were no cases in which a requirement to provide consent or a disclosure obligation arose under the rules for related-party transactions.