Report of the Supervisory Board 15
Dr. Matthias L. Wolfgruber, Chairman of the Supervisory Board of ALTANA AG
constituent meeting following the Ordinary Annual General Meeting in March, the then
Chairman of the Supervisory Board, Dr. Klaus-Jürgen Schmieder, was reelected as a member
of the Supervisory Board by the Annual General Meeting. At a second constituent meeting
in May following Dr. Schmieder’s departure from the Supervisory Board, the Board elected
Dr. Matthias L. Wolfgruber as its new chairman.
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 2019 and the payments from the ALTANA Equity Performance
Program 2016 to the Management Board members, as well as the targets for the short
term bonuses of the Management Board members for 2021 and the allocation values in
the ALTANA Equity Performance Program of the Management Board members for 2021.
The Audit Committee met twice in the year under review and reported regularly to the Su-
pervisory Board. In the presence of the auditor as well as members of the Management
Board, the Audit Committee discussed the annual financial statements of ALTANA AG and
the ALTANA Group. In addition, it dealt with the statutory audit process mandating the