Siemens 2007 Annual Report Download - page 43

Fit42010 43
Further information is available in our Compliance Report on pp. 88 ff., in
Management’s discussion and analysis (MD&A) on pp. 108 ff. and on the Internet at:
www.siemens.com/compliance
www.siemens.com/responsibility
respond vigorously to violations, thereby reinforcing the deterrent effect of rapid detection.
All cases of wrongdoing at the Company will be penalized in accordance with our clearly defi ned
rules and processes.
Key points of the Siemens Compliance Program
To ensure that behavior throughout Siemens adheres to the law and our own regulations, CEO
Peter Löscher and the members of the Managing Board have made compliance a top priority. The
commitment of all our managers worldwide is an integral part of our management culture and
our Company culture as a whole – a culture in which adherence to the Business Conduct Guide-
lines, our Company-wide code of behavior, is the basis of all our actions.
Clear rules for all employees, extensive training, confi dential reporting channels for suspected
irregularities and a helpdesk for compliance-related questions are key elements of our Compli-
ance Program. For our suppliers worldwide, we’ve also introduced mandatory minimum compli-
ance requirements, comprising ethical, social and environmental standards. To ensure that our
suppliers adhere to these standards, we’ve established a system of self-assessments and on-site
audits. Our new and revised guidelines as well as the measures we’ve already introduced are a
signal to our shareholders and customers, the general public and our employees that we take
compliance and the allegations against our Company very seriously. That’s why one of the aims
of our Company-wide Fit42010 program is to be a world leader in transparency and compliance.
We’re doing everything we can to restore trust in Siemens.
¢ Comprehensive
control system
¢ Easily accessible
reporting channel:
“Tell us”
¢ Clear consequences
¢ Unequivocal response
The Compliance Program
¢ Clear guidelines
Siemens Business
Conduct Guide-
lines
¢ Training programs
¢ Compliance
helpdesk: “Ask us”
Basis for sustainable business success
Continuous
improvement
Prevent Detect Respond