Major investment adviser wants shareholders to vote against new Volkswagen board appointments, and an independent and analytical review of the carmaker’s plan to improve its culture and governance.

Rijnhard van Tets is to be replaced by Dick Sluimers as supervisory board chairman at Euronext; and Bill Voge quits world’s biggest law firm after “an exchange of sexual communications”.

CIAM, the activist shareholders, are campaigning for governance reform.