IBERSOL Annual Report and Consolidated Accounts 2017

ANNUAL REPORT 2017 Note about activity of the Non-Executive Member of the Board of Directors The Non-Executive Member of the Board of Directors of Ibersol, Professor Juan Carlos Vázquez-Dodero, took part in 10 BoardMeetings, that is 91% of the meetings which were held. All the relevant information and documentation, pertaining to the order of business of all the meetings was made available to him ahead of time. The Non-Executive Administrator took part in several Executive Committee meetings, especially those pertaining to the strategy and business plans of the Group, particularly in Spain. He frequently requested detailed information from the Executive Committee regarding decisions taken in the scope of Business development and expansion. At a functional level, he maintained a privileged relationship with the Manage- ment Planning and Control department. Professor Vázquez-Dodero met four times with the Department directors so as to evaluate methodologies and tools together, as well as define processes to improve business control and howbest to applymethodologies and planning to the specific nature of Angola. He also contributedwith importantmacroeconomic information to support the diagnostic of the Spanish context. Management Control provided him with detailed information, every three months, allowing him to accompany the operational activity and evaluate the performance of the Executive management regarding the plans and budgets approved by the Board of Directors, with all necessary explanations being su- pplied as well. The Non-Executive Member was present in all the meetings with the Audit Committee and followed all the Corporate Governance issues which came up during the year. 121