IBERSOL Annual Report and Consolidated Accounts 2017

ANNUAL REPORT 2017 26. Availability of each member of the Board of Directors indicating the positions held simultaneously in other companies inside and outside the group, and other relevant activities by members of these bodies during the financial year The professional activity of the current members of the Board of Directors is described in point 19 above. c) Committees within the board of directors and delegates; 27. Identification of committees created within the board of directors and where can be found the Regulations on the functioning The Executive Committee is the only committee of the Board of Directors and the Regulation of the Board of Directors may be consulted on the website www.ibersol.pt . The board of directors and the executive committee that integrates the board ensure that the company develops its activity in order to comply with the statutory purposes, not delegating the competence for the definition of the strategy and company management policies, centralizing the definition of the structure business of the group, taking charge and in it’s exclusive competence of all relevant strategic decisions, either by it’s value, it’s potential degree of risk involved, either by it’s specific characterization. 28. Executive Committee. Dr. António Carlos Vaz Pinto de Sousa; Dr. António Alberto Guerra Leal Teixeira; 29. Competence of each committee created and synthesis of activities in exercise of those competence. Ibersol, SGPS, SA has a Board of Directors made up of three members: a Chairman, a Vice- -Chairman and a Director. Two of the members perform executive functions and form an Executive Committee, which was elected and has powers delegated to it by the Board of Directors under the terms of art. 8.4 of the Bylaws of the Company. The third director performs non-executive functions. The executive committee coordinates the operations of the functional units and the company’s various businesses, meeting with the senior managers of these units and businesses on a re- gular basis. The decisions taken by the functional and business managers, which must respect the overall guidelines, are taken under powers delegated by the Executive Committee and are coordinated in committee meetings. 153