Nabaltec_E_GB2016

T R O P E R T N E M E G A N A M D E T A D I L O S N O C DESCRIPTION OF THE BUSINESS ENTERPRISE 31 SUPERVISORY BOARD Remuneration of Supervisory Board members was last revised by resolution of the sharehold- ers at the general meeting of 21 June 2012. Remuneration is comprised of a fixed salary in the amount of EUR 10,000.00 a year and an attendance fee of EUR 1,000.00 per meeting of the Supervisory Board, with the chairman of the Supervisory Board receiving 1.5 fold of the aforementioned amounts. If the term of a Supervisory Board member begins or ends over the course of a financial year, the member is entitled to fixed remuneration for that year on a prorated basis. In the interest of the company, the members of the Supervisory Board are covered by a D&O insurance policy, which has been taken out by the company, with an insured sum of up to EUR 17.5 million, and with no deductible for the insured Supervisory Board members. Insur- ance premiums are paid by the company. 1.5 RESEARCH AND DEVELOPMENT Research and development activities play a central role within the context of Nabaltec AG’s overall strategy. A key element of the research and development strategy is close collabora- tion and joint development efforts with customers. In all our business divisions, the focus is on providing customers with an optimal product and helping them achieve a competitive advantage. As a leading supplier of highly specialized products, Nabaltec considers research and development to be one of its central core competencies. R&D activities play a central role for the company Close collaboration with customers is a common thread for all business divisions and process- es. Application-oriented sales allows us to identify specific customer requirements at an early stage and incorporate them as soon as possible into development work. This is true both for the optimization of established products and for the development of new products. Thanks to the strong technical training and expertise of its sales employees, Nabaltec is in a position to quickly identify new trends in established markets and to identify new markets as well. In order to ensure continued success in a global market, the optimization of production pro- cesses is also a high priority for R&D work. Efficient use of energy and resources are the key drivers in this regard. Optimizing production processes for energy and resource efficiency Our historically grown, in-house expertise which has been built up over the years is supple- mented in meaningful fashion through joint projects with universities, public and private institutions and research and technology companies. Research partners currently include RWTH Aachen University, the Fraunhofer Institute for Structural Durability, Plastics Division, in Darmstadt, the Sächsische Textilforschungsinstitut e.V., a textile research institution, the Fraunhofer Institute for Ceramic Technologies and Systems in Dresden, the Forschungsinstitut für anorganische Werkstoffe -Glas/Keramik- GmbH, a research institute for inorganic materials in Höhr-Grenzhausen, the Fraunhofer Institute for Silicate Research in Würzburg, the German Institute for Refractories and Ceramics (Deutsche Institut für Feuerfest und Keramik GmbH) in Höhr-Grenzhausen as well as Forschungsgemeinschaft Feuerfest, a refractory products research association, in Höhr-Grenzhausen. Nabaltec’s innovativeness is also supported by participation in various projects of the AiF (the German Federation of Industrial Research Associations) and the BMWi (Federal Ministry of Economics and Technology) in both of our business divisions. Annual Report 2016 | Nabaltec AG ||||

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