Siemens 2014 Annual Report Download - page 145

171 C. Combined Management Report 247 D. Consolidated Financial Statements 337 E. Additional Information
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Excellent compliance team: we expect our Compliance
Officers to combine compliance expertise with business
understanding, and we offer them attractive career paths.
That’s why we will continue working to develop a first-class
learning and development landscape for our Compliance
Organization. We will also reinforce close collaboration
across the Company’s global Compliance Organization to
ensure that we provide the best possible support for our
businesses.
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Effective processes: utilizing our compliance portfolio man-
agement system, we will continue to improve our compliance
processes in order to optimize efficiency and keep opera-
tional burdens as low as possible while further strengthen-
ing the assurance against compliance risks that those pro-
cesses provide.
Our compliance priorities as of fiscal  are illustrated and
briefly described in the figures below. These priorities, which
will also guide our activities for fiscal , will be supple-
mented by focus areas and activities for each fiscal year.
The effectiveness of compliance at Siemens is based on
the global governance of our Compliance Organization and
clear-cut reporting lines and close cooperation between our
Compliance Officers around the world and our Company units.
The other pillar of our Compliance System – with its three
action levels Prevent, Detect and Respond – is the requirement
that all Siemens managers assume personal responsibility for
compliance at their respective units.
We will continue to further develop our compliance system in
order to adapt it to evolving requirements in the field of
compliance. Our overall aim remains unchanged: we want to
anchor integrity permanently throughout our company in
order to ensure sound business decisions based on clear princi-
ples of integrity.
B.. Further information
and legal proceedings
For further information, please see:
C. REPORT ON EXPECTED DEVELOPMENTS AND ASSOCIATED MATERIAL
OPPORTUNITIES AND RISKS on pages  -  and NOTE  LEGAL
PROCEEDINGS in D. NOTES TO CONSOLIDATED FINANCIAL STATE-
MENTS on pages  -  of this Annual Report.
WWW.SIEMENS.COM/COMPLIANCE
Compliance priorities for fiscal 2015
Foster Integrity
Support business management to meet its
responsibilities for compliance and further
strengthen the culture of integrity in our
Company and beyond.
Committed to Business
Further intensify cooperation between the
Compliance Organization and our businesses
and reinforce our Compliance System’s
market and customer focus.
Manage Risk & Assurance
Continue providing our businesses with
the appropriate level of assurance within
our Compliance System.
Excellent Compliance Team
Provide an excellent compliance team through
a first-class learning and development land-
scape and close collaboration.
Effective Processes
Continue to further optimize and streamline
our compliance processes.
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