Siemens 2010 Annual Report Download - page 95

147 Consolidated Financial Statements 49 Combined management’s discussion and analysis 261 Additional information
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The Corporate Governance statement pursuant to § 289a of the
German commercial code (HGB) is an integral part of the
Combined management‘s discussion and analysis (MD&A). In
accordance with § 317 (2) sentence 3 of the German commer-
cial code, the disclosures made within the scope of § 289a of
the German commercial code are not subject to the audit by
the auditors.
Declaration of Conformity with the
German Corporate Governance Code
At their meetings on September 15 and September 22, 2010,
respectively, the Managing Board and the Supervisory Board of
Siemens AG approved the following Declaration of Conformity
pursuant to § 161 of the German Stock Corporation Act:
“Declaration of Conformity by the Managing Board and the
Supervisory Board of Siemens Aktiengesellschaft with the
German Corporate Governance Code
Siemens AG fully complies and will continue to comply with
the recommendations of the German Corporate Governance
Code (“Code”) in the version of May 26, 2010, published by the
Federal Ministry of Justice in the official section of the elec-
tronic Federal Gazette (“elektronischer Bundesanzeiger”). Since
making its last Declaration of Conformity dated October 1,
2009, Siemens AG has fully complied with the recommenda-
tions of the Code in the version of June 18, 2009.
Berlin and Munich, October 1, 2010
Siemens Aktiengesellschaft
The Managing Board The Supervisory Board”
Information on
Corporate Governance Practices
SUGGESTIONS OF THE CODE
We have also complied with the non-obligatory suggestions of
the Code.
The Code can be downloaded from the Internet at:
www.siemens.com/89a.
Further Corporate Governance Practices applied beyond legal
requirements are contained in our so-called Business Conduct
Guidelines.
OUR COMPANY‘S VALUES AND
BUSINESS CONDUCT GUIDELINES
Our Company‘s values – responsible, excellent, innovative –
form the basis of all our business activities. They also provide
the foundation for our Business Conduct Guidelines that set
the ethical-legal framework of our corporate actions and serve
as primary value guide for the working environment of our
employees. They contain the basic principles of our behavior
within the Company and in dealings with our external partners
and the general public. The Business Conduct Guidelines are
designed to encourage all employees to strictly adhere to legal
provisions and additional in-house guidelines. The Business
Conduct Guidelines can be downloaded from the Internet at:
www.siemens.com/289a.
Operation of the Managing Board,
the Supervisory Board, and
Composition and Operation
of their committees
The composition of the committees of the Managing and
Supervisory Boards is given on pages 260 and 256 ff. of the
Annual Report, as is a description of the composition of the
Managing Board and the Supervisory Board. The compositions
can be accessed via the Internet at the following link:
www.siemens.com/289a.
A general description of the functions and operation of the
Managing Board and the Supervisory Board can be found un-
der the heading “Management and control structure” in the
Corporate Governance report on pages 23 ff. and on the Inter-
net under the following link: www.siemens.com/289a. Further
details regarding the operation of the Managing and Super-
visory Boards can be derived from the description of the com-
mittees as well as from the bylaws for the corporate bodies
concerned. These documents can be found at:
www.siemens.com/289a.
Corporate Governance statement pursuant to § 289a
of the German commercial code (HGB)