Siemens 2007 Annual Report Download - page 87
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Corporate Governance Report 87
Declaration of Conformity with the German Corporate Governance Code
At their meetings on November 23 and 28, 2007, respectively, the Managing Board
and the Supervisory Board approved the following Declaration of Conformity pursu-
ant to ยง 161 of the German Stock Corporation Act:
Siemens AG fully complies and will continue to comply with the recommendations
of the German Corporate Governance Code (Code) in the version of June 14, 2007.
Since making its last Declaration of Conformity dated December 11, 2006, Siemens
AG has fully complied with the recommendations of the Code in the version of June
12, 2006 with one exception (no individual disclosure of the annual allocation to
accrued pension liabilities or pension funds for members of the Managing Board
in the case of pension plans, section 4.2.5 para. 2, 2nd sentence of the Code). This
exception no longer applies given the individual disclosure made in the Annual
Report 2007.
Berlin and Munich, November 28, 2007
Siemens Aktiengesellschaft
Managing Board Supervisory Board