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Please note that the survey below will be open until Tuesday, January 5, 2010.


Inviting advice of information needed for voting at Siemens annual meeting

You are invited as a Siemens investor to tell us, anonymously, what information would be relevant to your consideration of two issues being presented for shareholder voting at the Siemens annual meeting on January 26, 2010:*

  • Settlement of corruption claims against former directors, requiring a 90% approval vote

  • Compensation issues, including the new German requirement for shareholder "Say on Pay" and an employee group resolution concerning board compensation

Responses to this survey will be reported to you and other participants, as well as to Siemens management, to assure everyone's understanding of what is important.

Please take a few minutes to contribute your views. To participate,

Background information on the issues being addressed can be found on the Forum's reference page for this project. For more reports and investor views, in English as well as in German, you are encouraged to register - free, and with privacy - on the Siemens program web site being maintained by the Forum's independently managed German affiliate, Aktionaersforum AG.

Questions about the survey as well as comments about the interests of Siemens investors, either privately or for attribution, will of course be welcomed.

           GL – December 29, 2009

Gary Lutin, Forum chairman

c/o Lutin & Company

575 Madison Avenue, 10th Floor

New York, New York 10022

Tel: 212-605-0335



*  The survey is being conducted independently by the Shareholder Forum at the request of its recently established German affiliate, Aktionaersforum AG, using a separately hosted online questionnaire with rigorous privacy protections that will report only anonymous responses.



This special project addressing issues presented for voting by shareholders of Siemens AG is being conducted in cooperation with the Shareholder Forum's independently managed German affiliate, Aktionaersforum AG. Information about the issues, including company reports and investor views, can be found on the Aktionaersforum web site for Siemens. Inquiries about the project, requests to be included in Forum email distributions, and suggestions of issues that may be relevant to shareholder interests can be addressed to

It is the policy of Forum programs to be open to all shareholders of a subject company and to any fiduciaries or professionals concerned with their decisions, according to the Forum’s stated "Conditions of Participation." In all cases, each participant is expected to make independent use of information obtained through the Forum, and participation is considered private unless the party specifically authorizes identification.

The information provided to Forum participants is intended for their private reference, and permission has not been granted for the republishing of any copyrighted material. The material presented on this web site is the responsibility of Gary Lutin, as chairman of the Shareholder Forum.