Siemens 2005 Annual Report Download - page 26

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26
Fit4More
Corporate Responsibility
Letter to our Shareholders Managing Board
Fit4More
Corporate
Responsibility
We believe that an unwavering commitment to corpo-
rate responsibility is vital for our long-term success.
That’s why we go to great lengths to balance business,
ethical, environmental and social concerns in each of
the following areas:
■Corporate governance: We are committed to financial transparency,
compliance with the financial reporting requirements of German
stock corporation law and U.S. capital market regulations, a two-tier
management and control structure, and open communication with
our shareholders (see also pages 72– 77 of this Report).
■Business practices: Binding rules and guidelines ensure that our
dealings with business partners are ethical and adhere to all relevant
legal requirements (see also page 75 of this Report).
■Sustainability: We aim to ensure that our activities today do not
jeopardize our opportunities for success tomorrow. That’s why our
products, solutions and production processes worldwide comply not
only with environmental legislation but also with our own environ-
mental regulations.
■Corporate citizenship: We are helping improve the lives of people in
all the countries in which we do business. Our involvement encom-
passes supporting the training and education of young people,
addressing social problems, and promoting culture and the arts.