Siemens 2009 Annual Report Download - page 297

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 Managing Board statements, Independent auditors’ report, Additional information
 Notes to Consolidated Financial Statements
(in millions of €, except where otherwise
stated and per share amounts)
In addition, some of the members of the Company ’s Supervi-
sory Board and Managing Board hold positions of significant
responsibility with other entities. Siemens has relationships
with almost all of these entities in the ordinary course of busi-
ness whereby the Company buys and sells a wide variety of
products and service on arm’s length terms. Dr. Josef Acker-
mann is the Chairman of the Management Board of Deutsche
Bank AG. The Company ’s transactions with Deutsche Bank AG
are conducted on arm’s length basis and include securities un-
derwriting, other investment banking services, and credit,
money market and foreign exchange business as well as trans-
action banking services.
 PRINCIPAL ACCOUNTANT FEES AND SERVICES
On November 28, 2008, the Supervisory Board of Siemens, act-
ing on a recommendation of its audit committee, proposed to
appoint Ernst & Young AG Wirtschaftsprüfungsgesellschaft
Steuerberatungsgesellschaft which, effective June 22, 2009,
was renamed Ernst & Young GmbH Wirtschaftsprüfungsge-
sellschaft (E&Y) as Siemens’ auditor, thereby effectively dis-
missing KPMG AG Wirtschaftsprüfungsgesellschaft (KPMG),
which had previously served in that capacity. On January 27,
2009, at the annual general meeting of shareholders of
Siemens, the shareholders appointed E&Y as Siemens’ auditor
commencing with fiscal year 2009.
The following table sets forth the aggregate fees related to
professional services rendered by the Company ’s principal ac-
countant, E&Y, for the fiscal year 2009 and KPMG for the fiscal
year 2008:
Therefore in fiscal 2009 and 2008, compensation and benefits,
attributable to members of the Managing Board amounted to
€31.8 and €73.0 in total, respectively.
In fiscal 2009 expense related to share-based payment and to
the Share Matching Program amounted to €5.2. In fiscal 2008
expense related to share-based payment was €12.0. For further
information regarding Share Matching Program, see Note 34.
In addition, in fiscal 2009 a post-contractual non-compete
agreement was signed with a former member of the Managing
Board that is effective for a period of 16 months beginning on
December 1, 2008. As compensation for this, a total amount of
U.S.$2,769,995 (approximately €2.1) will be paid. Of this total,
he received U.S.$1,846,667 as a one-time payment in Decem-
ber 2008; the rest will be paid in monthly installments of
U.S.$57,708 each.
Compensation attributable to members of the Supervisory
Board comprises fixed-compensation, short-term variable
compensation and long-term variable compensation. In fiscal
2009 and 2008, compensation, attributable to members of the
Supervisory Board amounted to €3.2 and €3.3 in total, therein
€0.7 and €– related to long-term variable compensation, re-
spectively.
The Compensation Report outlines the principles used for de-
termining the compensation of the Managing Board of
Siemens AG and sets out the level and structure of Managing
Board remuneration. In addition, the report describes the poli-
cies and levels of compensation paid to Supervisory Board
members. The Compensation Report, which is part of the
Notes to Consolidated Financial Statements, is presented
within the Corporate Governance Report, included in this
Annual Report for fiscal year 2009 beginning on page 28.
In fiscal 2009 and 2008, no other major transactions took place
between the Company and the other members of the Manag-
ing Board and the Supervisory Board.
Year ended September ,
Type of fees 2009 2008
Audit Fees 40.5 50.7
Audit-Related Fees 4.6 14.6
Tax Fees 4.2 2.6
All Other Fees – 0.5
Total 49.3 68.4
B27T100_E
Diese Tabelle
gibts es nicht in dt. Verion