Report of the Supervisory Board 15
Dr. Klaus-Jürgen Schmieder, Chairman of the Supervisory Board of ALTANA AG
Meetings of the Committees
The Human Resources Committee met three times in the year under review. It dealt primarily
with issues pertaining to compensation and extending the Management Board appointment
of Stefan Genten. The Audit Committee met twice in the year under review. In the presence
of the auditor as well as members of the Management Board, the Audit Committee
discussed the annual financial statements of ALTANA AG and the ALTANA Group. In addition,
it dealt with the statutory audit process mandating the auditor, the setting of audit fees,
monitoring the auditor’s independence, and the approval of non-auditing services of the auditor.
Furthermore, the Audit Committee addressed the identification and monitoring of
risks in the Group, the Group’s internal auditing activities, as well as ALTANA’s Compliance
Management System. The Mediation Committee, established in accordance with sec-
tion 27 (3) of the German Codetermination Act, did not convene in the 2017 fiscal year.