Mika Winqvist - Siemens Regional Compliance Officer

Unrestricted © Siemens Osakeyhtiö, 2013. All rights reserved.

Compliance – Competitive Edge or BureaucracyBusiness Integrity Conference – Time for Action in the Baltic Sea RegionRiga, Latvia February 14, 2013 Mika WinqvistDirector Compliance, Security and QualitySiemens Osakeyhtiö


Siemens AGGlobal presence – basis for competitiveness

2012Unrestricted © Siemens Osakeyhtiö, 2013.

All rights reserved.

Sectors

Energy

Industry

Healthcare

Infrastructure & Cities

Employees370 000

Revenue€78.3 Bn

Production facilities more than 290

Founded in 1847

Europe (excl. Germany)

CIS, Africa, Middle East

Germany

Asia, Australia

AmericasEmployees 84 000Revenue, Bn € 22.9 Production facilities 77

Employees 119 000Revenue, Bn € 11.1Production facilities 75




Tapping future growth in emerging markets requires a proper implementation of compliance

Strengthening local presence in fast-growing markets to gain market share...

1) Europe = EU 15 w/o Germany 2) Source: Transparency International – Corruption Perceptions Index 2009

China

India

Middle East

Brazil Africa

Russia

Europe 1)

GermanyUnited States

...is as important as implementing compliance to protect against the high corruption risk

Bubble size = EstimatedGDP growth from 1990 to 2020

CPI 2009 2)

7.0 – 7.96.0 – 6.9

3.0 – 3.92.0 – 2.91.0 – 1.9

8.0 – 8.9

4.0 – 4.9


Employees get guidance for their daily work through policies that are based on external laws and internal values & guidelinesThe Compliance Path of Siemens


2006 20092007 2008 2010

Immediate Actions ImplementationSupport sustainable

business!

Tone from the Top

Independent

investigation

Compliance Program

Compliance Organization

Compliance Training

Compliance Tools

Continuous Improvement

Values & Integrity

Collective Action

SustainableDevelopment

Conti-nuous

Improve-ment

DoJ/SEC settlement

Centralization of bank accounts

Exchange of Leadership Team

World Bank settlement


Employees get guidance for their daily work through policies that are based on external laws and internal values & guidelines

CompliancePolicies and Tools * Project Business Business Partner Gifts & Hospitality Data Protection Environmental

Protection Occupational

Health and Safety

Company Values

External Laws

BusinessConductGuidelines

* Examples of Compliance Policies

Employees get guidance for their daily work through policies that are based on external laws and internal values & guidelines


Values

Responsible

Committed to ethical and responsible actions.

Excellent

Achieving high performance and excellent results.

Innovative

Being innovative to create sustainable value.


Employees get guidance for their daily work through policies that are based on external laws and internal values & guidelinesThe Siemens Compliance System: Prevent – Detect – Respond


Whistle blowing channels “Tell us” and Ombudsman

Compliance controls

Monitoring and Compliance reviews

Compliance audits

Compliance investigations

Consequences for misconduct

Remediation

Global case tracking

Management responsibility

Compliance risk management

Policies and procedures

Training and communication

Advice and support

Integration in personnel processes

Collective Action

Prevent Detect Respond


We help to ensure fair competition

We cooperate with the most important organizations: Transparency International World Economic Forum International Business Leaders

Forum International Chamber of

Commerce UN Global Compact World Bank Institute Center for International Private

Enterprise

We fight corruption in cooperation with other companies and stakeholders

We promote integrity and fair competition in public contracts

We have established a $100-million fund to promote anti-corruption projects and initiatives

Our goal: Ensure that today's and tomorrow's managers pay greater attention to compliance

Sharing of best-practice examples for successful anti-corruption activities in business (e.g. Harvard case studies)

Continuous dialogue with stakeholders

"Collective Action“ projects "Compliance Learning Initiative”


Employees get guidance for their daily work through policies that are based on external laws and internal values & guidelinesSiemens is the strongest performer in the three categories of the Diversified Industrials sector

Unrestricted © Siemens Osakeyhtiö, 2013.All rights reserved.

Corporate Governance Risk & Crisis Management Codes of Conduct/ Compliance/

Corruption&Bribery Innovation Management Customer Relationship

Management Supply Chain Management2) Strategy for Emerging Markets2)

Supersector Leader “Industrial Goods

& Services"

Siemens Score92%

47%

88%Siemens Score

Average Score 1)

41%

96%Siemens Score

Average Score 1)

50%

94%Siemens Score

Average Score 1)

1) Average score of all assessed companies in the Diversified Industrials sector 2) New categories in 2012

Source: SAM, Sustainability Office


Thank you.

Mika Winqvist - Siemens Regional Compliance Officer

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