Consolidated Financial Statements prepared by the Management Board. The Annual Finan-
cial Statements are thereby adopted. The Supervisory Board evaluated the Management
Board’s proposal for the use of the net profit and is in agreement with its recommendation.
Report in Accordance with Section 312 of the German Stock
The Management Board prepared a report in accordance with section 312 of the German
Stock Corporation Act on relations with affiliated companies for the 2021 fiscal year. The
Supervisory Board inspected this report and found it to be accurate. The auditor issued the
following audit opinion:
“On completion of our audit and assessment in accordance with professional standards,
we confirm that the factual statements of the report are correct and that the consideration
paid by the company for the legal transactions in the report was not inappropriately high.”
The Supervisory Board noted and approved the auditor’s findings. Following the com-
pletion of its own review, the Supervisory Board has no objections to the Management Board’s
statement at the end of the report.
On March 17, 2021, the Ordinary Annual General Meeting of ALTANA AG reelected
Dr. Matthias L. Wolfgruber as a member of the Supervisory Board until the end of the Ordinary
Annual General Meeting in 2024, and the Supervisory Board subsequently reelected
Dr. Wolfgruber as its Chairman. As Chairman of the Supervisory Board, Dr. Wolfgruber is also
a member and Chairman of the Human Resources and Mediation Committees by virtue
of his office.
Ms. Beate Schlaven, who had been a member of the Supervisory Board and its Human
Resources Committee since 2018, passed away on February 16, 2021. The substitute
elected in lieu of Ms. Schlaven, Mr. Jürgen Bembenek, became a member of the Supervisory
Board. The Supervisory Board also elected Mr. Bembenek as a member of its Human Resources
Committee on March 17, 2021.
Report of the Supervisory Board 17