Siemens 2010 Annual Report Download - page 323

147 Consolidated Financial Statements
148 Consolidated Statements of Income
149 Consolidated Statements of Comprehensive Income
150 Consolidated Statements of Financial Position
151 Consolidated Statements of Cash Flow
152 Consolidated Statements of Changes in Equity
154 Notes to Consolidated Financial Statements
(in millions of €, except where otherwise stated
and per share amounts)
261 Additional information

Further information on corporate governance at Siemens is available at www.siemens.com/corporate-governance.
Committees Meetings
in fiscal 
Duties and responsibilities Members as of
September , 
Finance and
Investment
Committee

 decisions by
notational voting
using written
circulations
The duties of the Finance and Investment Committee include
laying the groundwork – on the basis of the company’s overall
strategy, which is the subject of an annual strategy meeting
of the Supervisory Board – for the Supervisory Board’s negoti-
ations and decisions regarding the company’s financial situa-
tion and structure, its investments in property, plant and
equipment and its financial investments. In addition, the
Committee decides on behalf of the Supervisory Board
whether to approve business transactions requiring Supervi-
sory Board approval that have a value of less than € mil-
lion. It also exercises the Supervisory Board’s rights under Sec-
tion  of the German Codetermination Act to make decisions
regarding the exercise of ownership rights resulting from
interests in other companies. As stipulated in Section ,
paragraph , sentence  of the German Codetermination Act,
decisions of the Finance and Investment Committee under
Section  of the Act are made only by the Committee’s share-
holder representatives.
Gerhard Cromme, Dr. iur.
(Chairman)
Lothar Adler
Jean-Louis Beffa
Gerd von Brandenstein
Werner Mönius
Håkan Samuelsson
Dieter Scheitor
Birgit Steinborn
Nominating
Committee
 The Nominating Committee recommends suitable candidates
for election to the Supervisory Board by the Annual Share-
holders’ Meeting.
Gerhard Cromme, Dr. iur.
(Chairman)
Josef Ackermann, Dr. oec.
Hans Michael Gaul, Dr. iur.
Mediation
Committee, under
Section , para-
graph  and Section
, paragraphs 
and  of the
German Codeter-
mination Act
 The Mediation Committee, whose establishment is mandato-
ry under German law, makes recommendations to the Super-
visory Board regarding the appointment and revocation of the
appointment of Managing Board members if the Supervisory
Board has not approved these appointments and / or revoca-
tions by the required two-thirds majority on the first vote.
Gerhard Cromme, Dr. iur.
(Chairman)
Lothar Adler
Josef Ackermann, Dr. oec.
Berthold Huber