Report of the Supervisory Board 17
Dr. Klaus-Jürgen Schmieder, Chairman of the Supervisory Board of ALTANA AG
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 section
27 (3) of the German Codetermination Act, did not convene in the 2018 fiscal year.
Annual Financial Statements
The annual financial statements of ALTANA AG, the consolidated financial statements for the
year ended December 31, 2018, and the management report of ALTANA AG, as well as
the Group management report, were audited by PricewaterhouseCoopers GmbH Wirtschafts-
prüfungsgesellschaft, 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 is capable of fulfilling its objectives.