ALEX BRUMMER: The VW and Glencore collapses have at least one thing in common - bad governance
![ALEX BRUMMER: The VW and Glencore collapses have at least one thing in common - bad governance](http://i.dailymail.co.uk/i/pix/2015/09/29/19/2CC36C5700000578-0-image-m-2_1443550276463.jpg)
In the case of VW, the Rhineland-Westphalia model of capitalism allowed an inbred culture exemplified by its hiring the head of sister-company Porsche as a response to the crisis.