Siemens 2008 Annual Report Download - page 313

Notes to Consolidated Financial Statements – Positions held by Supervisory Board members 217
Committees Meetings in
fiscal 2008
Duties and responsibilities Members as of
September 30, 2008
Finance and Invest-
ment Committee(1)
1 meeting
9 decisions by
notational
voting using
written circu-
lations(2)
The Finance and Investment Committee prepares – based on the Compa-
ny’s overall strategy, which is the focus of an annual strategy meeting of
the Supervisory Board – discussions and resolutions of the Super visory
Board on questions relating to the financial situation and structure of the
Company as well as on fixed asset and financial investments. In addition,
the approval of the Finance and Investment Committee – rather than that
of the Supervisory Board – is required for transactions and measures for
which approval is required but whose value does not equal the amount of
€600 million. The Finance and Investment Committee also exercises the
rights of the Supervisory Board pursuant to § 32 of the German Codeter-
mination Act – namely, to make decisions regarding the exercise of own-
ership rights resulting from interests in other companies. § 32 (1) sen-
tence 2 of the German Codetermination Act sets forth that resolutions
made by the Finance and Investment Committee pursuant to § 32 of the
German Codetermination Act only require the votes of the shareholder
representatives.
Gerhard Cromme, Dr. iur.
(Chairman)
Josef Ackermann, Dr. oec.
(member of the Ownership Rights
Committee until January 24, 2008)
Lothar Adler
(since January 24, 2008)
Gerd von Brandenstein
(since January 24, 2008)
Håkan Samuelsson
(since January 24, 2008)
Dieter Scheitor
(since January 24, 2008)
Albrecht Schmidt,
Dr. iur., Dr. oec. publ. h. c.
(member of the Ownership Rights
Committee until January 24, 2008)
Birgit Steinborn
(since January 24, 2008)
Nominating
Committee
0 meetings
0 decisions by
notational
voting using
written circu-
lations
The Nominating Committee recommends suitable nominees for election
to the Supervisory Board at the Annual Shareholders’ Meeting.
Gerhard Cromme, Dr. iur.
(Chairman)
Josef Ackermann, Dr. oec.
Hans Michael Gaul, Dr. iur.
(since January 24, 2008)
Henning Schulte-Noelle, Dr. iur.
(until January 24, 2008)
Mediation Committee,
§ 27 (3), § 31 (3) and
(5) of the German
Codetermination Act
1 meeting
0 decisions by
notational
voting using
written circu-
lations
As stipulated by German law, the Mediation Committee makes recom-
mendations to the Supervisory Board regarding the appointment or revo-
cation of appointment of Managing Board members, if the required two-
thirds majority of Supervisory Board member votes is not obtained on the
first ballot.
Gerhard Cromme, Dr. iur.
(Chairman)
Ralf Heckmann
Josef Ackermann, Dr. oec.
Heinz Hawreliuk
(until January 24, 2008)
Bertold Huber
(since January 24, 2008)
(1) Established by a decision of January 24, 2008, replacing the Ownership Rights Committee
established under § 32 of the German Codetermination Act
(2) Including the meetings and decisions of the now replaced Ownership Rights Committee
established under § 32 of the German Codetermination Act
* Audit committee nancial expert as
dened by the Sarbanes-Oxley Act
Further information on Corporate Governance at Siemens is available at: www.siemens.com/corporate_governance