Siemens 2011 Annual Report Download - page 132

6 A. To our shareholders 23 B. Corporate Governance
25 B. Corporate Governance report
31 B. Corporate Governance statement pursuant to
Section a of the German Commercial Code
(HGB) (part of the combined management’s
discussion and analysis)
33 B.3 Compliance report
36 B.4 Compensation report
(part of Notes to
Consolidated Financial Statements)

OUR COMPANY’S VALUES
AND BUSINESS CONDUCT GUIDELINES
In the more than 160 years of its existence, our Company has
built an excellent reputation around the world. Technical per-
formance, innovation, quality reliability, and international en-
gagement have made Siemens one of the leading companies
in electronics and electrical engineering. It is top performance
with the highest ethics that has made Siemens strong. This is
what the Company should continue to stand for in the future.
The Business Conduct Guidelines provide the ethical and legal
framework within which we want to maintain successful ac-
tivities. They contain the basic principles and rules for our
conduct within our Company and in relation to our external
partners and the general public. They set out how we meet
our ethical and legal responsibility as a company and give
expression to our corporate values of being “Responsible –
Excellent – Innovative.”
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 under D.7 on pages 272 and
268 - 269, respectively of the Annual Report, as is a description
of the composition of the Managing Board and the Superviso-
ry 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
under the heading “Management and control structure” in
the Corporate Governance report under B.1.1 on pages 25 - 28
and on the Internet under: 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.