Report of the Supervisory Board 15
Dr. Matthias L. Wolfgruber, Chairman of the Supervisory Board of ALTANA AG
March, the then Chairman of the Supervisory Board, Dr. Matthias L. Wolfgruber, was
reelected as Chairman, after previously being reelected as a member of the Supervisory Board
by the Annual General Meeting. At the same meeting, the Supervisory Board elected
Mr. Jürgen Bembenek as a member of its Human Resources Committee.
Meetings of the Committees
The Human Resources Committee met thrice in the year under review. At its meetings, it
discussed recommendations to the Supervisory Board on the payment of variable compensation
components for 2020 and the payments from the ALTANA Equity Performance
Program 2017 to the Management Board members, as well as the targets for the short
term bonuses of the Management Board members for 2022 and the allocation values in the
ALTANA Equity Performance Program of the Management Board members for 2022. At
its meeting in June, the Human Resources Committee dealt with a review of Management
Board compensation on the basis of a current market study commissioned by the com-
pany. The Audit Committee met twice in the year under review and reported regularly to the