Report of the Supervisory Board 15
Dr. Klaus-Jürgen Schmieder, Chairman of the Supervisory Board of ALTANA AG
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 section 27
(3) of the German Codetermination Act, did not convene in the 2016 fiscal year.
Annual Financial Statements
The annual financial statements of ALTANA AG, the consolidated financial statements for the
year ended December 31, 2016, and the management report of ALTANA AG as well as
the Group management report were audited by PricewaterhouseCoopers Aktiengesellschaft
Wirtschaftsprüfungsgesellschaft, which was appointed by the Annual General Meeting
and engaged by the Audit Committee of the Supervisory Board, and it issued an unqualified
audit opinion in each case. The system for early risk recognition set up for the ALTANA
Group pursuant to section 91 of the German Stock Corporation Act was audited. The examination
revealed that the system properly fulfills its function.
The financial statement documentation, the Annual and Sustainability Report, the reports
of PricewaterhouseCoopers
Aktiengesellschaft Wirtschaftsprüfungsgesellschaft on the
audit
of the annual financial statements and the consolidated financial statements, as well