Siemens: changes compensation scheme for management board

(CercleFinance.com) - Siemens said on Wednesday that it intends to adjust the compensation system for its management board members in order to align the system more closely with the company's sustainable targets.


The new concept not only considers performance on the capital market, but also places emphasis on environmental protection, professional development of employees and customer satisfaction, the German industrial group said.

The new compensation system, which will already apply from fiscal 2020, will be submitted to shareholders at the annual shareholders' meeting in February 2020.

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