Usually, board meetings are reasonably tame affairs. Yet Wednesday's meeting of Volkswagen's supervisory board's presidium, a mixture of executives and shareholders' representatives, is likely to have seismic consequences for the automaker and its embattled chief executive, Martin Winterkorn.
The world's second-largest carmaker is being engulfed by an emissions scandal which has wiped nearly 26 billion euros ($29 billion) off its market value this week. In this kind of situation, with 11 million cars potentially affected, jobs are put in jeopardy and even once-mighty companies can be permanently damaged.
On Wednesday, while the board was scheduled to meet, U.S. ratings agency Fitch announced that it had put the company on ratings watch negative.
The board will need to act fast to try and address the reputational fallout. CNBC looks at who to watch in Wednesday's meeting.