Siemens 2009 Annual Report Download - page 97

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 Managing Board statements, Independent auditors’ report, Additional information
 – in particular, its Corporate Governance report and Declaration of Conformity with the
German Corporate Governance Code. In addition, the Supervisory Board decided to propose to
the Annual Shareholders’ Meeting that Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft,
Stuttgart (formerly Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesell-
schaft) be elected independent auditors for fiscal . The Supervisory Board also approved Jim
Reid-Anderson’s resignation from the Managing Board prior to the expiration of his appointment.
At an extraordinary meeting on December , , the Supervisory Board discussed the termi-
nation of legal proceedings against Siemens AG in Germany and the U.S. in connection with the
Company ’s alleged bribery of public officials. The final settlement reflected the explicit recogni-
tion on the part of U.S. prosecutors and the U.S. Securities and Exchange Commission (SEC) of
Siemens’ “extraordinary cooperation” and of its new and comprehensive compliance program
and extensive remediation efforts. On this basis, the lead agency for U.S. federal government
contracts, the Defense Logistics Agency (DLA), issued a formal statement confirming that Siemens
would remain a reliable partner for U.S. government business.
At an extraordinary meeting on January , , we discussed the Company ’s withdrawal from
the Areva NP joint venture and decided to terminate the shareholder’s agreement within the con-
tractually stipulated timeframe – that is, no later than January ,  – and to sell the Company ’s
shares to majority shareholder Areva S.A. by exercising a put option.
At our meeting on January , , immediately following the Annual Shareholders’ Meeting,
the following personnel changes were made on the Supervisory Board and its committees due to
the resignation of Ralf Heckmann from the Supervisory Board. Berthold Huber was elected First
Deputy Chairman of the Supervisory Board. Lothar Adler, in addition to his membership on the
Finance and Investment Committee, was elected to the Chairman’s Committee and to the Compli-
ance and Mediation Committee. Birgit Steinborn was elected to the Audit Committee. And Hans-
Jürgen Hartung was appointed to the Supervisory Board by court order.
At our meeting on April , , the Managing Board reported on the Company ’s business and
financial position at the end of the second quarter. Jean-Louis Beffa and Werner Mönius were
elected additional members of the Finance and Investment Committee. The Bylaws for the Super-
visory Board were amended at the same time. Bettina Haller was elected to succeed Heinz
Hawreliuk on the Audit Committee. Sibylle Wankel was elected to the Compliance Committee.
The Bylaws for the Compliance Committee were also amended.
At our meeting on July , , we dealt with the Company ’s business and financial position at
the end of the third quarter as well as with the status of compliance-related measures. In addition,
the Managing Board informed us about the opportunities presented by economic stimulus pro-
grams, about the Company ’s innovation strategy and about future plans in the field of nuclear
power. The Supervisory Board also discussed new legal regulations – in particular, those concern-
ing Managing Board remuneration.