Report of the Supervisory Board
The Supervisory Board of ALTANA AG, carrying out the functions stipulated by law and the
Articles of Association, closely followed the work of the Management Board in the 2017 fiscal
year. 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 informed by the
Management Board about the respective agenda items through presentations and oral
reports
in its meetings. The Supervisory Board also regularly received additional written reports.
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 2017 fiscal year, the Supervisory Board held four regular meetings and one extraordinary
meeting. 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 development of ALTANA. In an extraordinary meeting in January
2017, the Supervisory Board approved the acquisition of the PolyAd business with multicomponent
additives systems, as well as the acquisition of a novel technology for metal-
izing two-dimensional substrates. Other issues addressed by the Supervisory Board included
ALTANA’s Keep Changing Agenda, the results of an employee survey, sustainability, digitization
at ALTANA, and the company’s investment in Landa Corporation. In June, the Supervisory
Board dealt in depth with the business of ALTANA’s Italian subsidiaries. At its September
meeting, the Supervisory Board resolved to renew the Management Board contract of
Stefan Genten for five more years, until July 31, 2023. At its meeting in December of the
fiscal year, the Supervisory Board dealt extensively with corporate planning for the coming
years and with the budget for 2018, which it approved.
14 Report of the Supervisory Board