Investment, Financial and Audit Committee of Infineon Technologies AG Approves External Examination of the Internal Information and Monitoring System
The committee has come to the conclusion that the matter was comprehensively investigated at the time. The decision to continue the working relationship with Dr. von Zitzewitz was based on the fact that no evidence of misconduct could be found and that there were strong doubts about the credibility of Mr. Schneider. Mr. Schneider declined to present evidence for his accusations and subsequently retracted them publicly.
This notwithstanding, the events have moved the committee to call for the investigation by an external body of the internal information and monitoring system with the goal of establishing whether there are any weakpoints in the procedures currently in place at Infineon at which might have prevented the timely detection of the alleged irregularities. This constitutes a further component of the action plan drawn up jointly by the supervisory and managing boards for the full and unconditional clarification of this matter.