Report of the Supervisory Board Report of the Supervisory Board 9 In 2015, the Supervisory Board of ALTANA AG closely followed the work of the Management Board within the scope of tasks imposed upon it by the law and the company’s Articles of Association. The Supervisory Board dealt in depth with the situation and development of the company as well as with various special issues. The Supervisory Board was regularly informed by the Management Board through oral reports in meetings, supplemented by documents on the agenda items discussed, as well as through regular written reports. In addition, between Supervisory Board meetings, the Chairman of the Management Board informed the Chairman of the Supervisory Board about significant developments and events, and discussed pending or planned decisions with him. The Supervisory Board was involved in all major company decisions. Meetings of the Supervisory Board In the 2015 fiscal year, the Supervisory Board held four regular meetings. At the meetings, the economic situation and the development perspectives of the ALTANA Group, as well as important business events, were discussed and deliberated on in detail. The Management Board reported regularly to the Supervisory Board on the sales, earnings, and financial devel- opment of ALTANA. Furthermore, the strategy of ALTANA AG and its individual divisions was addressed in the meetings. In addition, the Supervisory Board dealt with the state of the integration of the rheology additives business acquired at the end of 2013, with the de- velopment of ALTANA’s investment in Landa Corporation, the Printed Electronics platform, as well as with the setting of targets for the Management and Supervisory Boards in ac- cordance with the law for equal participation of women in leadership positions. In its June meeting, the Supervisory Board dealt with the reorganization of the Management Board after Dr. Matthias L. Wolfgruber had announced he was stepping down from his post as Chairman of the Management Board as of December 31, 2015. At its meeting held in December of the fiscal year, the Supervisory Board dealt extensively with the corporate planning for the next years and with the budget for 2016, which it approved. Meetings of the Committees The Human Resources Committee met three times in the year under review. It dealt primarily with preparations for the reorganization of the Management Board as well as with com- pensation issues. 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 dis-
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