Siemens 2011 Annual Report Download - page 242
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C. Compensation report and Corporate Governance
statement pursuant to Section a of the German
Commercial Code (HGB)
The Compensation report outlines the principles underlying
the determination of the total compensation of the members
of the Managing Board of Siemens AG, and sets out the struc-
ture and level of the remuneration of the Managing Board
members. It also describes the policies governing and levels of
compensation paid to Supervisory Board members. The Com-
pensation report is based on the recommendations and sug-
gestions of the German Corporate Governance Code and is in
compliance with the applicable legal requirements of Sections
() no. a and () no. of the German Commercial
Code. As an integral part of the Notes to Consolidated Finan-
cial Statements, the Compensation report is part of the audit-
ed Consolidated Financial Statements. The Compensation re-
port is presented within the section B. Corporate Gover-
nance, included in this Annual Report for the fiscal year .
The Corporate Governance statement pursuant to Section
a of the German Commercial Code is an integral part of the
Combined management’s discussion and analysis. It is pre-
sented within the section B. Corporate Governance, included
in this Annual Report for the fiscal year .