IBERSOL Annual Report and Consolidated Accounts 2017

Report on Corporate Governance 32. Independence of the Fiscal board members. All the active members meet the criteria stated in article 414.5 of the CSC and comply with all the rules of incompatibility mentioned in article 414.-A.1 of the CSC. The members of the Audit Committee have the duty to immediately report to the Company any event that might give rise to incompatibility or loss of independence. 33. Professional Qualifications. Chairman –Dr. Carlos Alberto Alves Lourenço Academic qualifications - Graduated by Instituto Superior de Contabilidade e Administração de Lisboa (1979) and Bachelor of Accounting and Administration; Professional activity in the last five years: - Statutory Auditor ( 1990); - Management Consulting at PriceWaterHouse Coopers ( PwC); Date first appointed and end of current term of office: 2017 / 2020. Functions performed in the governing bodies of other companies belonging to the Ibersol Group: He does not perform any functions in other companies in the Ibersol Group. Number of shares of Ibersol, SGPS, SA held directly or indirectly: He does not hold any shares of the company. Vice-Chairman – Dr.ª Maria José Martins Lourenço da Fonseca; Academic qualifications - Economics Degree from the Faculty of Economics of Oporto University (1984); - Postgraduate ins European Studies by the Center of European Studies, Catholic Univer- sity of Oporto (1987); - Master in Business Sciences, specialized in Accountability and Management Control by Faculty of Economics of Oporto University (2002); 156