Siemens 2013 Annual Report Download - page 226

92 A. To our Shareholders
117 B. Corporate Governance 155 C. Combined Management Report
156 C. Business and economic environment
173 C. Financial performance system
179 C. Results of operations
192 C. Financial position
204 C. Net assets position
207 C. Overall assessment of the economic position
209 C. Subsequent events
210 C. Sustainability
227 C. Report on expected developments and
associated material opportunities and risks

Compliance priorities effective FY 2014
Compliance priorities
Our aim is to support business
leadership in its responsibilities
for compliance and to execute the
Collective Action strategy focused
on tangible business benefits.
We want to foster trustful collabo-
ration between the Compliance
organization and business as well
as strengthen the market and
customer focus of compliance.
We continue to provide business
with the appropriate level of
assurance within our compliance
system.
We will assume new responsibili-
ties in data privacy.
Stand for Integrity Committed to Business Manage Risk & Assurance Responsibility for Data Privacy
Due to the progress made with improving the efficiency of
compliance and the decision to allocate the responsibility for
Data Privacy to the compliance organization, we have updated
the compliance priorities effective from fiscal  as follows:
These compliance priorities will guide our activities for fiscal
.
C.. Corporate citizenship
Siemens is committed to providing long-term benefits to the
societies in which we operate, through corporate citizenship
activities. These activities can take a variety of forms ranging
from philanthropic disaster relief to more strategic shared value
or inclusive business approaches like our mobile clinics in India.
The responsibility for choosing and carrying out charitable ac-
tivities lies with the local units in each country. This ensures
that we provide support where it is needed most. In doing so,
we apply high management standards and strategically focus
our corporate citizenship activities in areas where our compa-
ny competencies, resources and employee volunteering can
make a meaningful difference:
> Education and Science: Our goal is to maintain a continuous
dialogue with young people and to identify and foster talent
from an early age on. We support educational and research
activities particularly in natural sciences, engineering and
healthcare.
> Social: Projects in this area aim to bring about a systematic
and lasting improvement in people’s living conditions. In
addition, we provide urgent humanitarian relief, including
financial and technical assistance after natural disasters.
> Environment: We want to make an effective contribution
towards protecting the environment, particularly through
our core competencies, and raise environmental awareness
among younger generations.
> Arts and Culture: We support Arts and Culture because a
so
ciety ’s cultural heritage is a key aspect of its identity.
The Siemens Stiftung – The Siemens Stiftung wants to em-
power people to actively contribute towards solutions to social
challenges. It focuses on holistic, non-business-related, trans-
ferable projects and models in sub-Saharan Africa, Latin Amer-
ica and Europe (with a particular emphasis on Germany).
Established in  with a capital of € million, Siemens
Stiftung is a nonprofit foundation under German civil law. It
complements Siemens’ corporate citizenship activities and co-
operates with the other five corporate foundations established
by the Company in Argentina, Brazil, Columbia, the United
States and France.