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Story Box-ID: 226076

Siemens AG Wittelsbacherplatz 2 80333 München, Germany http://www.siemens.com
SA
Siemens AG

Dr. Theo Waigel appointed as compliance monitor

(PresseBox) (Munich, )
Siemens AG announced today that it had engaged Dr. Theo Waigel, former German Minister of Finance, as its "compliance monitor." The monitoring of a company's compliance processes is typically part of the settlement of criminal charges in the United States. It was a requirement by the United States Department of Justice (DOJ) and the United States Securities and Exchange Commission (SEC) in connection with the settlements reached today.

Compliance monitors have until today always been Americans, usually former U.S. prosecutors or former federal judges. The appointment of a German national to serve as its compliance monitor was suggested by Siemens pnk udctkk ek tl lpx O.Z. owjytmzjwko.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.