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 again in 2019
and monitored its management activities. The Supervisory Board dealt in depth with the
situation and development of the company as well as with various current issues. The Supervisory
Board was regularly informed by the Management Board about the respective agenda
items through presentations and oral reports in 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 2019 fiscal year, the Supervisory Board held four regular meetings and one constitutive
meeting. At the regular 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. In addition to regular reporting on ALTANA’s sales, earnings, and financial
development, the Supervisory Board dealt in depth with the strategy of ALTANA and its individual
divisions. Furthermore, the Supervisory Board intensively discussed the situation,
development, and plans of the ELANTAS and ACTEGA divisions as well as that of ACTEGA
Metal Print GmbH, in the 2019 fiscal year. The Supervisory Board also had the Group’s
current corporate venturing activities presented to it and in this context dealt in particular
with the company’s investment in the American company CiDRA Holdings LLC and the
Israeli company Landa Corporation Ltd. In 2019, the Supervisory Board also dealt extensively
with innovation management, ALTANA’s plan to become CO² neutral by 2025, and the
Finance Roadmap for the strategic development of the finance functions in the coming years.
At its June meeting, the Supervisory Board reappointed Mr. Martin Babilas as Chairman
of the Management Board and Labor Director for a period of five years until April 30, 2025,
and resolved to extend his employment contract accordingly. Moreover, the Supervisory
Board resolved to change the compensation system for members of the Management Board.
At its December meeting, the Supervisory Board dealt in detail with the corporate plan-
ning for the next few years as well as the budget for 2020, which it approved. In the constit-
uent Supervisory Board meeting following the Annual General Meeting in March of 2019,
the Chairman of the Supervisory Board was re-elected, and the Annual General Meeting re-
elected him as a member of the Supervisory Board.
16 Report of the Supervisory Board