Siemens 2009 Annual Report Download - page 131

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 Managing Board statements, Independent auditors’ report, Additional information
. Other
The Company provides a group insurance policy for board and
committee members and employees of the Siemens organiza-
tion that is taken out for one year and renewed annually. The
insurance covers the personal liability of the insured in the
case of a financial loss associated with employment functions.
In such a case, the Company may, with effect from October ,
, hold members of the Managing Board liable for such loss
up to an amount equivalent to  percent of the fixed salary. In
the same way, each member of the Supervisory Board has indi-
vidually agreed to be held liable up to an amount equivalent to
 percent of the fixed compensation component. The insur-
ance policy for fiscal year  includes a deductible for the
members of the Managing and the Supervisory Board subject
to the requirements of the German Stock Corporation Act
(AktG) and the German Corporate Governance Code.
The Chairman of the Supervisory Board is entitled to receive
 percent, and each of the deputy chairmen  percent, of
the fixed and the variable compensation of an ordinary mem-
ber. Furthermore, each member of the Audit Committee and
the Chairman’s Committee is entitled to receive additional
compensation amounting to  percent of the fixed and the
variable compensation of an ordinary member, while the
chairmen of these committees are entitled to receive addi-
tional compensation amounting to  percent of the fixed
and the variable compensation of an ordinary member. In ad-
dition, each member of the Compliance Committee and the
Finance and Investment Committee is entitled to receive addi-
tional compensation amounting to  percent of the fixed and
the variable compensation of an ordinary member, while the
chairmen of these committees are entitled to receive addi-
tional compensation amounting to  percent of the fixed and
the variable compensation of an ordinary member. The aggre-
gate compensation of the Chairman of the Supervisory Board
shall not exceed  percent of the fixed and the variable com-
pensation of an ordinary member. If a Supervisory Board mem-
ber does not attend a meeting of the Supervisory Board, one-
third of the aggregate fixed and variable compensation due to
such member is reduced by the percentage of Supervisory
Board meetings not attended by such member in relation to
the total number of Supervisory Board meetings held during
the fiscal year.
In addition, the members of the Supervisory Board are entitled
to receive a meeting attendance fee of €, per meeting of
the Supervisory Board and its committees attended by them.
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 office
with secretarial support and use of the Siemens carpool ser-
vice.
No loans from the Company are provided to members of the
Supervisory Board.