Siemens AG claims damages from 11 former members of Corporate Executive Committee
Siemens AG is asserting claims for damages against former members of the former Corporate Executive Committee of the Managing Board of Siemens AG, it said in a July 29 announcement.
Munich, Germany – Siemens AG is asserting claims for damages against former members of the former Corporate Executive Committee of the Managing Board of Siemens AG, it said in a July 29 announcement. The company says it bases its claims on alleged breaches of organizational and supervisory duties in view of theaccusations of illegal business practices and bribery that occurred in the course of international business transactions in the years 2003 to 2006 and the resulting financial burdens to the company. The Supervisory Board of Siemens AG adopted a resolution to this effect at its meeting on July 29, 2008. The company statement says the 11 former members of the Corporate Executive CommitteeFor a list of names and more information from Siemens, read: Siemens AG claims damages from eleven former members of the Corporate Executive Committee .
– Edited by Mark T. Hoske , editor in chief Control Engineering News Desk Register here and scroll down to select your choice of eNewsletters free .
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