Coatings - AkzoNobel

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6 5 4 3 2 1 0 Net income, excluding nonrecurring/ extraordinary items, and dividend per share of NLG 5 (in guilders) 94 95 96 97 98 AKZO NOBEL SHAREHOLDERS One share one vote The April 1998 General Meeting of Shareholders approved the proposal to amend the Articles of Association, eliminating the previous restrictions on voting rights and giving shareholders influence proportional to their holdings. Increased attention for private shareholders The four-for-one stock split, as approved at that General Meeting, enhanced the tradability of Akzo Nobel’s shares. In order to encourage and structure private shareholders’ involvement with and representation toward their companies a number of large Dutch companies formed the Shareholder Communication Foundation in 1998. This foundation has set up a pilot project to establish a shareholder communication facility, which will also enable us to conduct a form of proxy voting in the Netherlands for shareholders who have deposited their shares at major Dutch banks. The voting system is expected to be introduced in the year 2000. This development, in which Akzo Nobel acted in the forefront, will facilitate shareholders to cast their votes at shareholder meetings. Some eight percent of the shares of Akzo Nobel, one of the initiators of the Foundation, is currently in private shareholders’ hands. 220 210 200 190 180 170 160 150 140 130 120 110 100 90 18 Price of Akzo Nobel share ( ) relative to Dow Jones Euro Stoxx 50 ( ) and Dow Jones Euro Chemicals ( ) (year-end 1996 = 100) 1997 1998 Corporate Governance for shareholders’ confidence Shareholders need to be confident that their company has a coherent internal structure of management and control. Akzo Nobel fosters continuous awareness of Corporate Governance throughout the organization and requires managers of operational and service units to state once a year in a Letter of Representation how they have fulfilled their responsibilities in terms of appropriate systems of internal control and proper business conduct. Akzo Nobel’s common shares are listed at the following stock exchanges: Amsterdam, London, NASDAQ (as American Depositary Receipts), Vienna, Brussels, Paris, Frankfurt am Main, Stockholm (as Swedish Depositary Receipts), and the SWISS EXCHANGE. Akzo Nobel is also included in the Dow Jones Euro Stoxx 50. In order to comply with the regulations of the U.S. Securities and Exchange Commission, the Company also files an Annual Report on Form 20-F. After filing, a copy of this report can be obtained free of charge at Akzo Nobel’s Investor Relations Department. For five-year summary, additional shareholder information, and financial calendar reference is made to pages 91 and 92.
17% 19% Pharma <strong>Coatings</strong> Chemicals Acordis Other Breakdown of some 1998 figures by business activity Annualized* net sales (NLG 30.0 billion) 25% 39% 17% 6% 20% Invested capital at December 31 (NLG 18.6 billion) 27% * Including sales of the former Courtaulds activities on a full-year basis. AKZO NOBEL ANNUAL REPORT 1998 19 30% BUSINESS ACTIVITIES AKZO NOBEL’S PRODUCTS AND MARKETS KEY FIGURES AND RATIOS PHARMA COATINGS CHEMICALS 19% 6% 21% Number of employees at December 31 (85,900) 16% 38%
Page 1 and 2: Annual Report 1998
Page 3 and 4: AKZO NOBEL ANNUAL REPORT 1998 1 CON
Page 5 and 6: CHAIRMAN’S STATEMENT Dear shareho
Page 7 and 8: We regret that the steady improveme
Page 9 and 10: • the amendment of the Company’
Page 11 and 12: REPORT OF THE BOARD OF MANAGEMENT G
Page 13 and 14: Condensed statement of income Milli
Page 15 and 16: Expenditures for property, plant an
Page 17 and 18: PEOPLE AT AKZO NOBEL HR systems fur
Page 19: Environmental targets achieved ahea
Page 23 and 24: Major Product Lines CHEMICALS Speci
Page 25 and 26: Responsible in Board of Management:
Page 27 and 28: BUSINESS REVIEW Continued healthy g
Page 29 and 30: Developments in the Business Units
Page 31 and 32: Sales of Pharmaceuticals made subst
Page 35 and 36: BUSINESS REVIEW Quantum jump throug
Page 37 and 38: We increased our shareholding in As
Page 39 and 40: INDUSTRIAL COATINGS NORTH AMERICA S
Page 41 and 42: The U.S. operations expanded facili
Page 43 and 44: Marine Coatings The effect of the e
Page 47 and 48: Sales of Chemicals’ nonconsolidat
Page 49 and 50: The continuing trend toward ECF (El
Page 51 and 52: Phosphorus chemicals earnings conti
Page 53 and 54: The absence of market growth combin
Page 55 and 56: From January 1, 1999, Acordis acts
Page 57 and 58: Folkert B. Blaisse 9% 26% AKZO NOBE
Page 59 and 60: Membrana’s results were slightly
Page 61 and 62: During the year many new applicatio
Page 63 and 64: account for approximately one-third
Page 65 and 66: 2% 4% 4% 20% 20% 9% 9% 13% 19% Annu

Coatings - AkzoNobel

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