Siemens 2009 Annual Report Download - page 106

 Reports Supervisory Board /
Managing Board  Corporate Governance  Management’s discussion and analysis  Consolidated Financial Statements
 Corporate Governance report  Compliance report  Compensation report (part of Notes
to Consolidated Financial Statements)

www.siemens.com/corporate-governance
Share ownership
As of October 13, 2009, the current Managing Board members
held a total of 286,998 (2008: 382,903) Siemens shares as well
as stock options on Siemens shares, representing 0.03 (2008:
0.04) percent of the capital stock of Siemens AG.
As of the same day, the current members of the Supervisory
Board held a total of 3,711 (2008: 5,492) Siemens shares as well
as stock options on Siemens shares, representing 0.00013
(2008: 0.0006) percent of the capital stock of Siemens AG.
These figures do not include 10,805,913 (2008: 8,895,939)
shares, or 1.18 (2008: 0.97) percent of the capital stock, over
which the von Siemens-Vermögensverwaltung GmbH (“vSV”),
a German limited liability company, has voting control under
powers of attorney based on an agreement between – among
others – members of the Siemens family, including Mr. Gerd
von Brandenstein, and vSV. These shares are voted together by
vSV based on proposals by a committee representing members
of the Siemens family. Mr. Gerd von Brandenstein is the cur-
rent chairman of the executive committee and has a casting
vote in case of a deadlock.
The individual share ownership of each Managing Board mem-
ber as of October 13, 2009 is as follows:
Pursuant to § 15a of the German Securities Trading Act
(WpHG), members of the Managing and Supervisory Boards
are required to disclose purchases or sales of shares of Siemens
AG or financial instruments based on such shares if the total
amount of the transactions of a board member and any closely
associated person is at least €5,000 during any calendar year.
relating to the financial situation and structure of the Com-
pany as well as on fixed assets and financial investments. In
addition, the approval of the Finance and Investment Commit-
tee – rather than that of the Supervisory Board – is required for
transactions and measures for which approval is required but
whose value is below the amount of €600 million. The Finance
and Investment Committee also exercises the rights of the
Supervisory Board pursuant to § 32 of the German Codetermi-
nation Act – namely, to make decisions regarding the exercise
of ownership rights resulting from interests in other compa-
nies. § 32 (1) sentence 2 of the German Codetermination Act
sets forth that decisions made by the Finance and Investment
Committee pursuant to § 32 of the German Codetermination
Act only require the votes of the shareholder representatives.
The Managing Board
The Managing Board, as the Company ’s top management
body, is committed to serving the interests of the Company
and achieving sustainable growth in Company value. The
members of the Managing Board are jointly responsible for the
entire management of the Company and decide on the basic
issues of business policy and corporate strategy as well as on
the annual and multi-year planning.
The Managing Board prepares the Company ’s quarterly and
half-yearly reports, the annual stand-alone financial state-
ments of Siemens AG and the Consolidated Financial State-
ments of Siemens. In addition, the Managing Board is respon-
sible for overseeing compliance by the Company with all ap-
plicable provisions of law and official regulations and the
Company ’s internal policies and works to achieve compliance
with these provisions and policies within the Siemens group
(compliance). Further comprehensive information on the
Compliance Program and related activities in fiscal 2009 is
available on pages 24 (Compliance report) and 59. The Manag-
ing Board cooperates closely with the Supervisory Board, in-
forming it regularly, promptly and fully on all issues related to
Company strategy and strategy implementation, planning,
business development, financial position, earnings, compli-
ance and risks.
Name Security Number of Securities
Peter Löscher Siemens share 100,000
Wolfgang Dehen Siemens share 16,110
Heinrich Hiesinger Siemens share 12,264
Joe Kaeser Siemens share 21,951
Barbara Kux Siemens share 4,100
Hermann Requardt Siemens share 10,619
Siegfried Russwurm Siemens share 18,216
Peter Y. Solmssen Siemens share 30,653
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