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 and monitored
its management activities in the 2021 fiscal year. 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 2021 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, including acquisi-
tions, 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. In each of the four regular Supervisory Board
meetings, the Management Board reported to the Supervisory Board in detail about the
effects of the coronavirus pandemic on the company and the measures the management had
taken with the help of crisis teams expressly set up for this purpose to protect the health
of employees and to minimize the pandemic’s negative effects on business. Furthermore, in
the 2021 fiscal year the Supervisory Board intensively discussed the situation, development,
and plans of the BYK, ECKART, and ACTEGA divisions. Against the backdrop of the company’s
Keep Changing Agenda, the committee discussed the circular economy and its significance
for ALTANA with an external expert. The Supervisory Board learned about talent management,
the New Normal, and transformation projects in human resources, as well as the longterm
realignment of the Group’s external financing. The Supervisory Board received regular
updates on the company’s participation in the Israeli Landa Corporation Ltd. (“Landa Digi-
tal Printing”) and devoted one of its 2021 meetings to this investment in detail. In addition,
the Supervisory Board dealt intensively in 2021 with innovation management at ELANTAS
and ACTEGA. At its December meeting, the Supervisory Board dealt in depth with and approved
the corporate planning for the next three years and the budget for 2022. At the
Supervisory Board’s constituent meeting following the Ordinary Annual General Meeting in
14 Report of the Supervisory Board