Report of the Supervisory Board 17
Report in Accordance with Section 312 of the German Stock
Corporation Act
The Management Board prepared a report in accordance with section 312 of the German
Stock Corporation Act on relations with affiliated companies for the 2020 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 approved the auditor’s findings. Following the completion of
its own review, the Supervisory Board has no objections to the Management Board’s statement
at the end of the report.
Personnel Changes
On March 18, 2020, the Ordinary Annual General Meeting of ALTANA AG reelected Dr. Klaus-
Jürgen Schmieder as a member of the Supervisory Board until the end of May 28, 2020.
Dr. Schmieder stepped down from the Supervisory Board at this time. Dr. Schmieder had been
a Supervisory Board member for almost 20 years, the Chairman of the Audit Committee
since 2001, and Chairman of the Supervisory Board since 2012. With effect from May 29,
2020, the Annual General Meeting elected Professor Dr. Frank Richter as a member of
the Supervisory Board. His tenure ends following the Annual General Meeting in 2025. After
the departure of its chairman Dr. Schmieder, the Supervisory Board elected Dr. Matthias L.
Wolfgruber as its new chairman on May 29, 2020. As Chairman of the Supervisory Board,
Dr. Wolfgruber has since then also been a member and Chairman of the Human Resources
and Mediation Committees by virtue of his office.
The company supported Professor Dr. Richter during his onboarding by familiarizing him
with key aspects of the Group through workshops and tours of Wesel.
On February 16, 2021, Beate Schlaven, who had been a member of the Supervisory
Board and its Human Resources Committee since 2018, passed away. The employee elected
to step in for Ms. Schlaven, Jürgen Bembenek, subsequently became a member of the
Supervisory Board.
The Supervisory Board would like to express its gratitude to Dr. Schmieder for his many
years of outstanding and successful collaboration. It commemorates Beate Schlaven, who