The Supervisory Board of Siemens AG has 20 members. As stipulated by the German Codetermination Act, half of the members represent Company shareholders, and half represent Company employees. The shareholder representatives were elected at the Annual Shareholders’ Meeting on January 23, 2013 (or through by-elections at the Annual Shareholders' Meetings on January 28, 2014 resp. on January 27, 2015). The employee representatives, whose names are marked with an asterisk (*), either were elected in accordance with the provisions of the German Codetermination Act on September 25, 2012, effective as of the end of the Annual Shareholders’ Meeting on January 23, 2013 or replaced an employee representative, who resigned/retired. The present Supervisory Board’s term of office will expire at the conclusion of the Annual Shareholders’ Meeting in 2018.