Siemens 2009 Annual Report Download - page 108

 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
Corporate Governance guidelines
Our Articles of Association, the Bylaws for the Supervisory
Board and those of its most important committees, the Bylaws
for the Managing Board, all declarations of conformity, the re-
port on our fulfillment of the requirements of the Code, and
various other documents pertaining to our corporate gover-
nance may be found on our Internet website at
www.siemens.com/corporate-governance.
Shareholder relations
Four times a year, Siemens AG reports to its shareholders re-
garding its business development, financial position and earn-
ings. An ordinary Annual Shareholders’ Meeting normally
takes place within the first four months of each fiscal year. The
Managing Board facilitates shareholder participation in the
meeting through electronic communications – in particular
the Internet – and enables shareholders who are unable to at-
tend the meeting to vote by proxy.
Among other things, the Annual Shareholders’ Meeting de-
cides on the appropriation of net income, ratification of the
acts of the Managing and Supervisory Boards, and the appoint-
ment of the independent auditors. Amendments to the Articles
of Association and measures which change the Company ’s
capital stock are approved exclusively at the Annual Share-
holders’ Meeting and are implemented by the Managing Board.
Shareholders may submit counterproposals to the proposals of
the Managing and Supervisory Boards and may contest deci-
sions of the Annual Shareholders’ Meeting. Shareholders own-
ing Siemens stock with an aggregate notional value of
€100,000 or more may also demand the appointment of spe-
cial auditors to examine specific issues.
As part of our investor relations activities, the CEO, the CFO
and other members of the Managing Board and individual
members of the Sectors’ and Cross-Sector Businesses’ manage-
ments meet regularly with analysts and institutional investors.
We hold a conference for analysts at least once a year, as well
as telephone conferences with analysts upon the publication
of our quarterly results.