IBERSOL Annual Report and Consolidated Accounts 2017

Report on Corporate Governance b) Functioning 22. Location where the regulations governing the functioning of the Board of Directors can be found The Regulations of the Board of Directors may be consulted on the Company’s website: www. ibersol.pt . 23. Number of meetings held and attendance level of each member, as applicable, of the Board, the General ans Supervisory Board and Executive Board of Directors The ByLaws of the Company stipulate that the Board of Directors shall meet at least quarterly and whenever convened by the Chairman or two of its members. Meetings of the Board of Di- rectors are arranged and prepared in advance and the necessary documentation of the points on the agenda is made available in good time. In the 2017 exercise were made 11 (eleven) reunions of the Board. The Executive Members had a presence performance of 100% and the Non-Executive Member had a performance of 91%. 24. Competent Bodies of the Company to appraise the performance of executive directors The Remuneration Committee, representing the shareholders, is responsible for assessing the performance and the approval of remunerations of the Board of Director´s Members and other bodies in accordance with the remuneration policy approved by the shareholders in General Meeting. 25. Predetermined criteria for evaluating the performance of executive directors The remuneration of the executive members of the Board of Directors does not include any variable component. The executive directors are remunerated by ATPS, SGPS, SA. having this one subscribed a contract for services with the Ibersol Restauração SA. There are no pre-de- termined criteria for the stated purpose. 152