Siemens 2012 Annual Report Download - page 126

1 A. To our Shareholders 21 B. Corporate Governance
22 B. Corporate Governance Report
28 B. Corporate Governance statement pursuant to
Section a of the German Commercial Code
(part of the Combined Management Report)
29 B. Compliance Report
31 B. Compensation Report
(part of the Combined Management Report)
44 B. Takeover-relevant information (pursuant to
Sections  para.  and  para.  of the
German Commercial Code) and explanatory report
(part of the Combined Management Report)

Total compensation
On the basis of the Supervisory Board decisions described
above, Managing Board compensation for fiscal  totaled
€. million, which is at the same level as in the previous
year (: €. million). Of this total amount, €. million
(: €. million) was attributable to the cash compensa-
tion components and €. million (: €. million) to
stock-based compensation. Thus, more than half of the com-
pensation was paid in the form of stock-based instruments
with waiting or restriction periods of four years and therefore
on a deferred basis.
The fair values of the granted stock-based compensation com-
ponent shown in the following table do not represent a cash
inflow for Managing Board members for fiscal . They rep-
Non-performance-based components
without
long-term incentive effect
non-stock-based
Base compensation Other compensation
Variable compensation
component (bonus) –
Cash component
FY  FY  FY  FY  FY  FY  FY 
(Amounts in number of units or €) Shares Fair value

Managing Board members
serving as of September , 
Peter Löscher 2,000,000 2,000,000 30,720 29,594 1,359,900 1,973,800 20,945 1,359,959
Dr. Roland Busch ,  900,000 450,000 49,771 88,726 550,760 444,105 8,483 550,801
Brigitte Ederer 900,000 900,000 27,697 54,651 611,955 888,210 9,425 611,965
Klaus Helmrich  900,000 450,000 76,961 35,318 611,955 444,105 9,425 611,965
Joe Kaeser  900,000 900,000 72,935 72,411 611,955 888,210 9,425 611,965
Barbara Kux 900,000 900,000 33,960 168,176 611,955 888,210 9,425 611,965
Prof. Dr. Hermann Requardt  900,000 900,000 64,132 62,565 673,151 888,210 10,368 673,194
Prof. Dr. Siegfried Russwurm 900,000 900,000 42,146 41,303 611,955 888,210 9,425 611,965
Peter Y. Solmssen  900,000 900,000 33,498 64,720 611,955 888,210 9,425 611,965
Dr. Michael Süß  900,000 450,000 49,089 13,751 611,955 444,105 9,425 611,965
Former members of the Managing Board
Wolfgang Dehen
 –450,000 –25,046 –444,105 – –
Total 10,100,000 9,200,000 480,909 656,261 6,867,496 9,079,480 105,771 6,867,709
1 Other compensation includes costs, or the cash equivalent, of non-monetary benefits and
perquisites, such as provision of Company cars in the amount of €, (: €,)
contributions toward the cost of insurance in the amount of €, (: €,),
reimbursement of fees for legal advice, tax advice and accommodation and moving ex-
penses, including any taxes that have been assumed in this regard as well as costs con-
nected with preventive medical examinations, in the amount of €, (: €,).
2 The expenses recognized for stock-based compensation (Bonus Awards and Stock 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 €, (: €,),
Brigitte Ederer €, (: €,), Klaus Helmrich €, (: €,),
Joe Kaeser €,, (: €,, ), Barbara Kux €,, (: €,,),
Prof. Dr. Hermann Requardt €,, (: €,,), Prof. Dr. Siegfried Russwurm
€,, (: €,,), Peter Y. Solmssen €,, (: €,,) and
Dr. Michael Süß €, (: €,). The corresponding expenses for the former
Board member Wolfgang Dehen amounted to €,, (: €,,).
3 The total compensation reflects the current fair value of stock-based compensation
components. On the basis of the current monetary values of stock-based compensation
components, total compensation amounted to €,, (: €,,).
4 For Bonus Awards as well as Stock Awards, whose target attainment depends on EPS
for the past three fiscal years, the fair value on the award date is equivalent to the respec-
tive monetary values.
resent the notional value of the Bonus Awards and Stock
Awards granted in fiscal  as calculated on the basis of re-
porting standards. The transfer of one share per award will not
take place until the expiration of the four-year waiting or re-
striction period, or in other words, not until November .
The number of Stock Awards linked to the performance of the
price of Siemens stock will be adjusted after the end of the
restriction period, on the basis of the actual target attainment.
Accordingly, the value of the actual shares transferred may be
higher or lower than shown here, also depending on the stock
price in effect at the time of transfer.
The following compensation was determined for each of the
members of the Managing Board for fiscal  (individualized
disclosure):