IBERSOL | Annual Report 2020

ANNUAL REPORT 2020 Governance and Operational Structure Ibersol – SGPS is a publicly listed company with a share capital of 36.000.000 Euros, head office in Edifício Península, Praça do Bom Suc- esso, n.º 105 a 159, 9.º andar, 4150-146 Porto. Registered at the Porto Commercial Registry Office under the registration and tax identification number 501669477. The company’s Governance is composed of the following governing bodies: · Shareholder’s General Meeting; · Board of Directors, made up of three administrators, two of whom are on the Executive Commission; · Audit Committee; · Certified Public Accountant. The General Meeting deliberates annually on the results of the financial year and the administrators and auditing committee’s assessment. The definition of the strategy and goals of the activity of the Ibersol Group is carried out by the Executive Commission, in articulation with the Central Management and of each business, and of the Shared Ser- vices. The evaluation of results is carried out regularly at a quarterly basis. In the same fashion, decisions of greater impact are carried out monthly by the Executive Commission, following consultations with the Ibersol Group’s Operational Managements. Ibersol Group functional structure The Ibersol Group conducts a results-oriented management, based on monitorisation goals and indicators that rest on action plans and programmes that seek continual improvement to increase efficiency of the main processes and operations, against a framework of cost economy, minimisation of waste and increased productivity, profitabil- ity and satisfaction. 59