Siemens Healthineers - AGM 12 February 2021
General: The AGM is to be held in the form of a virtual AGM in accordance with the German Law to Mitigate the Consequences of the COVID-19 Pandemic. The physical presence of shareholders or their authorised proxies is not possible. The voting rights may therefore be exercised solely by postal vote or by granting authority to the proxies designated by the Company.
Item 4.10: We recommend opposing the discharge of former Supervisory Board Chairman Michael Sen due to his insufficient attendance at Board meetings.
Item 9: We recommend to oppose the approval of the remuneration system for the Management Board members due to concerns over the potential maximum amount and the insufficient disclosure which fails to enable us to assess the remuneration structure under the new system.
Item 10: We recommend to oppose the approval of the remuneration for the Supervisory Board members as we assess the absolute amount of remuneration granted as significantly exceeding market practice.
Item 11 and 12: We recommend to oppose the autorisations to increase the share capital as the potential dilution level significantly exceeds our guidelines and market practice.
Siemens Healthineers AG is a Germany-based company that supplies technology to the healthcare industry. The Company offers a wide range of products and services in the fields of diagnostic and therapeutic imaging, laboratory and point of care diagnostics, and molecular medicine. It provides medical technology and software solutions, as well as clinical consulting services. Additionally, the Company is developing its digital health and enterprise services trough expanding precision medicine, transforming care delivery, improving patient experience, and digitalizing healthcare to enable healthcare providers to increase value. Siemens AG is a majority shareholder of the Company. The Company is active worldwide.
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