OECD Draws on Siemens Corruption Experience With Force Head

Siemens AG (SIE)’s Klaus Moosmayer has been appointed by the Organization for Economic Co-operation and Development’s business advisory committee as its anti-corruption taskforce head, drawing on the German company’s experience fighting graft.

Moosmayer, Siemens’s chief counsel for compliance issues since 2010, will co-ordinate the Business and Industry Advisory Committee’s efforts to tackle corruption, the Munich-based company said in a statement. He was first given a role tackling sleaze at Europe’s largest engineering company in 2007, the same year a new chief executive officer was hired to clean up after a bribery scandal.

Court cases resulting from the Siemens corruption scandal which broke in 2006 are still in progress. Investigations were triggered in at least a dozen countries, with Siemens agreeing to pay $1.6 billion to settle probes in the U.S. and Germany in 2008. The company appointed its first CEO from outside the company in 2007 in the form of Austrian manager Peter Loescher.

The trial of former executive Uriel Sharef over bribery charges is ongoing in Munich after a court there rejected a bid by the defense to drop the proceedings. The defense alleged prosecutors didn’t properly gather all necessary materials.

Siemens has also suspended its personnel head in Germany pending the results of an investigation into whether a top labor representative received an illegal pay boost in 2008. A former board member was convicted by a German court the same year of authorizing payments intended to help cultivate an “employer friendly” labor group.

The BIAC advises the OECD on economic issues and represents 42 industry associations from member countries. Germany’s

To contact the reporter on this story: Alex Webb in Munich at awebb25@bloomberg.net

To contact the editor responsible for this story: Simon Thiel at sthiel1@bloomberg.net

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