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Expert Corporate Governance Service (ECGS)
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Brenntag - AGM 13 June 2019

General: Supervisory Board member Ulrich M. Harnacke is a member of the Presidency of DSW, the local partner of ECGS. This report has been prepared using standard ECGS guidelines.

Item 5: PwC, Düsseldorf, is proposed as auditor for the current financial year. We have no concerns over the ratio of non-audit/audit fees. However, we note that PwC has audited the Company since at least the financial year 2008 (no earlier data available) which exceeds our maximum acceptable term of office. We therefore recommend opposing the re-election of PwC as auditor.

Underlying
Brenntag SE

Brenntag is a chemical distributor. Co. provides its customers and suppliers a range of services and global supply chain management as well as a chemical distribution network in Europe, North and Latin America as well as in the Asia Pacific region. Co. manages its business through its regionally structured segments in Europe, North America, Latin America and Asia Pacific. Co. provides a range of products as well as services such as just-in-time delivery, product mixing, blending, repackaging, inventory management, drum return handling as well as technical and laboratory services for specialty chemicals.

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Proxinvest
Proxinvest

Founded in 1995, Proxinvest is an independent proxy firm supporting the engagement and proxy analysis processes of investors. Proxinvest mission is to analyse corporate governance practices and resolutions proposed at general meetings of listed firms.

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Expert Corporate Governance Service (ECGS)

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