Subsequent Events
In December 2019, ALTANA concluded an agreement on the
acquisition of the business with innovative additives for exploration
of the U.S. company Gulf Scientific Inc. based in
Houston, Texas, by way of an asset deal. The acquisition
was completed on January 2, 2020. The business will be integrated
into the BYK division.
The United Kingdom left the European Union on January
31, 2020, with an exit agreement. This paves the
way for a transitional phase until December 31, 2020, during
which no significant changes to the previous situation
should occur from an economic perspective.
70 Innovation and Employees I Subsequent Events I Expected Developments
Declaration of Corporate Governance Pursuant to
Section 289f (4) of the German Commercial Code (HGB)
Promoting women in management positions remained a
focus in the 2019 fiscal year. By intensifying measures that
had been introduced in the past, and with new instruments,
we further anchored the expansion of diversity in our human-
resource management. The ratio of women in ALTANA’s
national and international management development programs
has increased significantly in recent years. In addition,
our further education program includes special offers for
women. The mentoring program for women launched in
2016 was continued in 2019. In addition, ALTANA created
various informal platforms in order to intensify dialog on
this topic. Among them are regular meetings of women in
management positions that focus on strengthening the
network, and workshops for further development of family-
friendly employment models intended to contribute to
continual improvement of the general working conditions at
ALTANA.
ALTANA’s medium- to long-term goal is to increase
the share of women in management positions to the percent-
age of women in the entire workforce.
In keeping with legal requirements regarding equal
participation of women in management positions in private
business and the public service sector, ALTANA AG’s Super-
visory Board specified targets for the share of women in the
company’s Management and Supervisory Boards. For the
Supervisory Board, a target of 25 % was resolved by the end
of the target-achievement period on June 30, 2020. For
the Management Board, no personnel changes or an extension
of the body are planned by the end of the target-
achievement period, and so the body will continue to be without
any woman. For the first management level under the
Management Board, the Management Board resolved a share
of women of 20 % and for the second management level
a share of 30 %. Targets were also defined for the German
companies subject to codetermination.