Siemens 2011 Annual Report Download - page 142

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. Compliance report
36 B. Compensation report
(part of Notes to
Consolidated Financial Statements)

The following compensation was determined for each of the
members of the Managing Board for fiscal year  (individu-
alized disclosure):
Base compensation Variable compensation
(bonus) – cash
component 
Variable compensation (bonus) –
stock-based component
(Bonus Awards) , 
     
Shares
Monetary
Value Shares
Monetary
Value
(Amounts in number of units or €)
Managing Board members
serving as of September , 
Peter Löscher 2,000,000 1,980,000 1,973,800 4,084,622 34,208 1,973,802 – –
Dr. Roland Busch  450,000 –444,105 –7,697 444,117 – –
Brigitte Ederer  900,000 195,000 888,210 394,308 15,394 888,234 – –
Klaus Helmrich  450,000 –444,105 –7,697 444,117 – –
Joe Kaeser 900,000 780,000 888,210 1,577,230 15,394 888,234 – –
Barbara Kux 900,000 780,000 888,210 1,577,230 15,394 888,234 – –
Prof. Dr. Hermann Requardt 900,000 780,000 888,210 1,577,230 15,394 888,234 – –
Prof. Dr. Siegfried Russwurm 900,000 780,000 888,210 1,577,230 15,394 888,234 – –
Peter Y. Solmssen  900,000 780,000 888,210 1,577,230 15,394 888,234 – –
Dr. Michael Süß  450,000 –444,105 –7,697 444,117 – –
Former members
of the Managing Board
Wolfgang Dehen 450,000 780,000 444,105 1,577,230 7,697 444,117 – –
Dr. Heinrich Hiesinger –780,000 –1,577,230 ––– –
Total 9,200,000 7,635,000 9,079,480 15,519,540 157,360 9,079,674 – –
1 Because of the revisions of the compensation system for the Managing Board as of October , , % of the variable compensation (bonus) for fiscal  was paid for the first time in
the form of non-forfeitable Bonus Awards of stock; the bonus for fiscal  was paid entirely in cash. Additionally, in the course of the revisions of the compensation system, other target
parameters were set for long-term stock-based compensation (Stock Awards); see page 41 above for details.
2 The expenses recognized for stock-based compensation (Stock Awards and Bonus Awards) and for the Share Matching Plan for members of the Managing Board in accordance with IFRS in
fiscal  and  amounted to €,, and €,,, respectively. The following amounts pertained to the members of the Managing Board in fiscal : Peter Löscher €,,
(: €,,), Dr. Roland Busch €, (: €), Wolfgang Dehen €,, (: €,), Brigitte Ederer €, (: €), Klaus Helmrich €, (: €), Joe Kaeser
€,, (: €,,), Barbara Kux €,, (: €,), Prof. Dr. Hermann Requardt €,, (: €,), Prof. Dr. Siegfried Russwurm €,, (: €,),
Peter Y. Solmssen €,, (: €,) and Dr. Michael Süß €, (: €). An amount of € (: €,) pertained to Dr. Heinrich Hiesinger, who resigned from the
Managing Board with effect at the close of September , .
3 Other compensation includes non-cash benefits arising, for example, from the provision of Company cars in the amount of €, (: €,), subsidized insurance in the amount
of €, (: €,) and reimbursement of legal and/or tax advice fees, accommodation and moving expenses, as well as costs connected with preventive medical examinations, in
the amount of €, (: €,).
4 The monetary value reflects the target attainment of %. For the individual members of the Managing Board, the respective fair value of these Stock Awards at the date of commitment is
as follows: Peter Löscher €,,, Dr. Roland Busch €,, Brigitte Ederer €,, Klaus Helmrich €,, Joe Kaeser €,, Barbara Kux €,, Prof. Dr. Hermann Requardt
€,, Prof. Dr. Siegfried Russwurm €,, Peter Y. Solmssen €,, Dr. Michael Süß €,, Wolfgang Dehen €,.
5 Dr. Roland Busch, Klaus Helmrich and Dr. Michael Süß were elected full members of the Managing Board effective April , .
6 Brigitte Ederer was elected a full member of the Managing Board effective July , .
7 Siemens AG will reimburse Peter Y. Solmssen for relocation expenses incurred by him upon termination of his membership on the Managing Board.
8 Wolfgang Dehen resigned from the Managing Board effective March , .
9 Dr. Heinrich Hiesinger resigned from the Managing Board effective September , .