Siemens 2008 Annual Report Download - page 143

The Chairman of the Supervisory Board receives double, and each Deputy Chairman 1.5 times, the amounts of
the xed compensation and the short-term variable compensation of an ordinary member. Each member of the
committees and additionally the chairmen of these committees (in each case other than the Chairman’s Commit-
tee, the Mediation Committee, and the Ownership Rights Committee) are entitled to receive an additional half
of the xed and the short-term variable compensation. The members of the Supervisory Board are reimbursed
for out-of-pocket expenses incurred in connection with their duties and for any sales taxes to be paid on their
remuneration. In consideration for the performance of his duties, the Chairman of the Supervisory Board is
furthermore entitled to an ofce with secretarial support and use of the Siemens carpool service.
No loans from the Company are provided to members of the Supervisory Board.
3. Other
The members of the governing bodies of Siemens and all board members of its domestic and foreign subsidiar-
ies are indemnied by Siemens or its subsidiaries against third-party liability claims to the extent permitted by
law. For this purpose, the Company provides a group insurance policy for board and committee members and
employees of the Siemens organization which is taken out for one year and renewed annually. The insurance
covers the personal liability of the insured in the case of a nancial loss associated with employment functions.
In such a case, the Company may, with effect from October 1, 2005, hold members of the Managing Board liable
for such loss up to an amount equivalent to 20 percent of the xed salary. In the same way, each member of the
Supervisory Board has individually agreed to be held liable up to an amount equivalent to 20 percent of the
xed compensation component (i.e. a deductible within the meaning of Section 3.8, paragraph 2, of the German
Corporate Governance Code).
Corporate Governance Report: Compensation Report 47