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318 Notes to Consolidated Financial Statements, Positions held by Supervisory Board members Supervisory Board Heinrich v. Pierer, Lothar Adler* Berthold Huber* Albrecht Schmidt, Prof. Dr. jur., Dr.-Ing. E. h. Chairman of the Combine Works Chairman, IG Metall Dr. jur., Dr. oec. publ. h. c. (until April 25, 2007) Council, Siemens AG Date of birth: February 15, 1950 Retired bank director Chairman Date of birth: February 22, 1949 Member since: July 1, 2004 Date of birth: March 13, 1938 Member since: January 23, 2003 Date of birth: January 26, 1941 External positions Member since: March 11, 1993 Member since: January 27, 2005 External positions Gerhard Bieletzki* German supervisory board positions: External positions (on April 25, 2007) Audi AG, Ingolstadt German supervisory board positions: Chairman of the Works Council German supervisory board positions: Münchener Rückversicherungs- of Siemens VDO Automotive AG, Deutsche Bank AG, Frankfurt/Main Walter Kröll, Prof. Dr. rer. nat. Gesellschaft AG, Munich Dortmund Hochtief AG, Essen Consultant Thyssen’sche Handelsgesellschaft m.b.H., Münchener Rückversicherungs- Date of birth: May 16, 1947 Mülheim/Ruhr Member since: January 23, 2003 Date of birth: May 30, 1938 Gesellschaft AG, Munich Member since: January 23, 2003 ThyssenKrupp AG, Düsseldorf Henning Schulte-Noelle, Dr. jur. John David Coombe External positions Volkswagen AG, Wolfsburg Chairman of the Supervisory Board, Chartered Accountant (FCA) German supervisory board positions: Allianz SE MTU Aero Engines GmbH, Munich Gerhard Cromme, Dr. jur. Date of birth: March 17, 1945 Date of birth: August 26, 1942 Wincor Nixdorf AG, Paderborn Chairman (since April 25, 2007) Member since: January 23, 2003 Member since: February 13, 1997 Date of birth: February 25, 1943 External positions Michael Mirow, Prof. Dr. External positions Member since: January 23, 2003 Comparable positions outside Germany: (since April 25, 2007) German supervisory board positions: External positions Hogg Robinson Group plc, UK University professor Allianz SE, Munich (Chairman) (Chairman) German supervisory board positions: Date of birth: October 6, 1938 E.ON AG, Düsseldorf Home Retail Group plc, UK Allianz SE, Munich Member since: April 25, 2007 ThyssenKrupp AG, Düsseldorf Axel Springer AG, Berlin HSBC Holdings plc, UK ThyssenKrupp AG, Düsseldorf Wolfgang Müller* Peter von Siemens (Chairman) Hildegard Cornudet* (until January 25, 2007) Industrial manager Computer engineer Comparable positions outside Germany: Trade Union Secretary, IG Metall Date of birth: August 10, 1937 Date of birth: April 16, 1949 Compagnie de Saint-Gobain S.A., Date of birth: January 14, 1948 Member since: March 11, 1993 Member since: April 1, 2004 France Member since: January 23, 2003 Jerry I. Speyer Birgit Grube* Georg Nassauer* Chairman & CEO, Tishman Speyer Ralf Heckmann* Office clerk (until March 31, 2007) Date of birth: June 23, 1940 First Deputy Chairman Date of birth: August 21, 1945 Steel casting constructor Member since: July 14, 2003 Member since: March 11, 1993 Chairman of the Central Works Council, Date of birth: March 8, 1948 Siemens AG Member since: March 11, 1993 Lord Iain Vallance of Tummel Date of birth: July 19, 1949 Bettina Haller* Chairman, Amsphere Ltd. Member since: March 24, 1988 (since April 1, 2007) Thomas Rackow* Date of birth: May 20, 1943 Social worker (Dipl.-Soz.) Industrial manager Member since: January 23, 2003 Josef Ackermann, Dr. oec. Date of birth: March 14, 1959 Date of birth: February 6, 1952 Member since: April 1, 2007 Second Deputy Chairman Member since: January 26, 2006 Chairman of the Board of Managing Heinz Hawreliuk* Directors, Deutsche Bank AG Dieter Scheitor* Trade Union Secretary, IG Metall Date of birth: February 7, 1948 (since January 25, 2007) Member since: January 23, 2003 Date of birth: March 20, 1947 Member of the Executive Committee, Member since: April 1, 1985 IG Metall External positions Date of birth: November 23, 1950 German supervisory board positions: Member since: January 25, 2007 DaimlerChrysler Luft- und Raumfahrt Holding AG, Munich Eurocopter Deutschland GmbH, Munich The Supervisory Board of Siemens AG has 20 members. As stipulated by the German Codetermination Act, half of the members represent Company sharehol- ders, and half represent Company employees. The shareholder representatives were elected at the Annual Shareholders’ Meeting on January 23, 2003, and the employee representatives, whose names are marked with an asterisk, were either elected by an assembly of employee delegates on December 5, 2002 or replaced an employee representative who had resigned from the Supervisory Board. The Supervisory Board is elected for five years. As of September 30, 2007 Notes to Consolidated Financial Statements, Positions held by Supervisory Board members 319 Supervisory Board committees The Supervisory Board of Siemens AG has established six standing committees. Committees Meetings in Duties and responsibilities Members as of fiscal 2007 September 30, 2007 Chairman’s 8 meetings The Chairman’s Committee of the Supervisory Board is responsible for Heinrich v. Pierer, Committee 8 decisions by reviewing basic issues of business policy and management, especially in Prof. Dr. jur., Dr.-Ing. E. h. notational matters concerning the Managing Board. The Committee makes recom- (Chairman until April 25, 2007) voting using mendations to the Supervisory Board on the appointment and dismissal Gerhard Cromme, Dr. jur. written circu- of Managing Board members and determines the Managing Board’s (Chairman since April 25, 2007) lations employment and remuneration framework. The Committee executes the Ralf Heckmann contracts of employment with Managing Board members and determines Josef Ackermann, Dr. oec. their remuneration as well as the amounts of the variable and stock-based components of their annual compensation. The Committee makes recommendations to the Supervisory Board on the composition of Supervisory Board committees. The Committee decides whether to approve business transactions with Managing Board members and related parties. The Committee’s duties include regularly reviewing the Company’s corporate governance principles and formulating propo- sals to improve the Company’s approach to corporate governance issues. Audit Committee 7 meetings The Audit Committee’s duties include preparing Supervisory Board Gerhard Cromme,* Dr. jur. 0 decisions by reviews of the annual financial statements of Siemens AG and of the con- (Chairman until April 25, 2007) notational solidated financial statements of Siemens worldwide. The Committee also Henning Schulte-Noelle,* Dr. jur. voting using reviews the quarterly financial statements and the half-year financial (Chairman since April 25, 2007) written circu- report and liaises with Siemens’ internal financial auditors and with the Ralf Heckmann lations independent auditors (particularly with regard to awarding the audit con- John David Coombe tract, defining the focal points of the audit, determining the auditors’ fee, (since April 25, 2007) and monitoring their independence). Heinz Hawreliuk Heinrich v. Pierer,* Prof. Dr. jur., Dr. Ing. E. h. (until April 25, 2007) Compliance 3 meetings During the ongoing compliance investigation, the Compliance Committee Gerhard Cromme, Dr. jur. Committee (1) 0 decisions by will deal with the following subjects on behalf of the Supervisory Board: (Chairman) notational overseeing the ongoing compliance investigation, processing reports from Ralf Heckmann voting using the law firm Debevoise & Plimpton LLP on its independent investigation and John David Coombe written circu- review of the internal compliance and control systems, and monitoring the Heinz Hawreliuk lations Company’s adherence to statutory provisions, official regulations and inter- Henning Schulte-Noelle, Dr. jur. nal company policies. Ownership Rights 0 meetings The Ownership Rights Committee is responsible for decisions relating to the Heinrich v. Pierer, Committee, 6 decisions by exercise of ownership rights resulting from interests in other companies. Prof. Dr. jur., Dr.-Ing. E. h. § 32 of the German notational (Chairman until April 25, 2007) Codetermination Act voting using Gerhard Cromme, Dr. jur. written circu- (Chairman since April 25, 2007) lations Josef Ackermann, Dr. oec. Albrecht Schmidt, Dr. jur., Dr. oec. publ. h. c. Nominating 0 meetings The Nominating Committee recommends suitable nominees for election Gerhard Cromme, Dr. jur. Committee (2) 0 decisions by to the Supervisory Board at the Annual Shareholders’ Meeting. Josef Ackermann, Dr. oec. notational Henning Schulte-Noelle, Dr. jur. voting using written circu- lations Mediation Committee, 0 meetings As stipulated by German law, the Mediation Committee makes recom- Heinrich v. Pierer, § 27 (3), § 31 (3) and mendations to the Supervisory Board regarding the appointment or Prof. Dr. jur., Dr.-Ing. E. h. (5) of the German revocation of appointment of Managing Board members, if the required (Chairman until April 25, 2007) Codetermination Act two-thirds majority of Supervisory Board member votes is not obtained on Gerhard Cromme, Dr. jur. the first ballot. (Chairman since April 25, 2007) Ralf Heckmann Josef Ackermann, Dr. oec. Heinz Hawreliuk (1) Established by resolution of April 25, 2007 * Audit committee fi nancial expert (2) Established by resolution of July 25, 2007 as defi ned by the Sarbanes-Oxley Act Further information on corporate governance at Siemens is available at: www.siemens.com/corporate_governance 320 Notes to Consolidated Financial
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