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[seventy one] Given that the scandal had began breaking, Siemens had fired its chairman and CEO Heinrich von Pierer, and had hired its first non-German CEO. Peter Löscher; What's more, it had appointed a US attorney, Peter Solmssen being an unbiased director to its board, in command of compliance, and had acknowledged oversight of Theo Waigel, a previous German finance minister, like a "compliance check". The compliance overhaul sooner or later entailed hiring about 500 whole-time compliance personnel throughout the world. Siemens also enacted a series of new anti-corruption compliance insurance policies, including a new anti-corruption handbook, Internet-based tools for homework and compliance, a confidential communications channel for workers to report irregular company tactics, and a corporate disciplinary committee to impose appropriate disciplinary measures for substantiated misconduct.
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Siemens transportation and logistics-related merchandise consist of products and methods for rail transportation together with rail cars for mass transit, regional and prolonged-length transportation, locomotives, devices and programs for rail electrification, central Manage systems, interlockings, and automated train controls; products and devices for street traffic such as visitors detection, information and facts and guidance; equipment and methods for airport logistics including cargo monitoring and baggage handling; and gear and techniques for postal automation which includes letter parcel sorting.
As the investigation opened a midlevel govt within the telecommunications unit, Reinhard Slekaczek, was identified as a key participant; Slekaczek Stop Siemens in 2005 immediately after the corporate expected him to indicator a document stating he had followed legislation and enterprise coverage, and turned state's proof and led investigators to files he had saved also to other paperwork. He had controlled an annual international bribery finances of $forty to $fifty million.
In September 2011, Siemens, which had been to blame for setting up all 17 of Germany's present nuclear electric power plants, declared that it would exit the nuclear sector following the Fukushima disaster and the subsequent variations to German Power coverage.