as the Management
Board’s proposal for the distribution of the profit, were made available
to all Supervisory Board members. The Audit Committee of the Supervisory Board dealt
at length with this documentation.
The Supervisory Board plenum inspected the documentation
and dealt with it in depth at its balance sheet meeting in the presence of the auditor,
who reported on the main results of the examination. The Supervisory Board is in agreement
with the findings of the audit, and, following its final examination, has no grounds for
objection.
At its meeting of March 16, 2017, the Supervisory Board approved the annual
financial statements and consolidated financial statements prepared by the Management
Board. The annual financial statements are thereby adopted. The Supervisory Board evaluated
the Management Board’s proposal for the distribution of the profit and is in agreement
with its recommendation.
Report in Accordance with Section 312 of the
German Stock Corporation Act
The Management Board prepared a report in accordance with section 312 of the German
Stock Corporation Act on relations with affiliated companies for the 2016 fiscal year. The
Supervisory Board inspected this report and found it to be accurate. The auditor issued the
following audit opinion:
“On completion of our audit and assessment in accordance with professional standards,
we confirm that the factual information in the report is correct and that the consideration
made by the company for the transactions listed in the report was not unreasonably high.”
The Supervisory Board approved the auditor’s findings. Following the completion of
its own review, the Supervisory Board has no objections to the Management Board’s statement
at the end of the report.
Personnel Changes
Werner Spinner, a shareholder representative in the Supervisory Board of ALTANA AG, stepped
down from his post as of March 17, 2016. With effect on the same date, the Annual General
Meeting appointed Dr. Klaus-Jürgen Schmieder again, and Dr. Matthias L. Wolfgruber
for the first time, as members of the Supervisory Board of ALTANA AG. At its meeting of
March 17, 2016, the Supervisory Board appointed Dr. Klaus-Jürgen Schmieder again as the
Chairman of the Supervisory Board, and Dr. Antonio Trius as a member of the Audit Com-
16 Report of the Supervisory Board