SIEMENS. CORPORATE GOVERNANCE STRUCTURE AND PROCEDURES.
Today’s Siemens AG has a long history of the corporation development. The first company - craftsman’s workshop - was founded in 1847 in Berlin by Werner von Siemens, he started with the design of the pointer telegraph as the “Telegraphen-Bauanstalt von Siemens & Halske”. The founder of the company got the business idea in 1842 when he was awarded his first Prussian patent for an electrolytic method of gold and silver plating. In 1846, Werner von Siemens hit upon an idea for improving the Wheatstone telegraph. Using just simple means – cigar boxes, tinplate, pieces of iron, and some insulated copper wire – he designed his own pointer telegraph. He entrusted the apparatus’ construction to a mechanical engineer, Johann Georg Halske, who was won over by its simplicity and reliability. During f
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