IBERSOL Annual Report and Consolidated Accounts 2017

Report on Corporate Governance functional position. Various criteria are applied, including level of responsibility, time commitment or the value of a particular service or institutional representa- tion. b) The Company’s economic situation. c) One relevant consideration will be the size of the company and the relative degree of functional complexity. 71. Reference, if applicable, of the existence of a variable remuneration component and information about likely impact of performance appraisal in this component There is no variable component. 72. Deferring payment of the variable remuneration component, specifying the period of deferral There is no variable component. 73. Criteria that underlie the allocation of variable remuneration in sha- res and the maintenance of these shares by Executive Directors No remuneration involving the allocation of shares or any other system of bonuses paid in shares is envisaged. 74. Criteria that underlie the allocation of variable remuneration in options and indication of the deferral period and the exercise price and the members of the Company No remuneration involving the allocation of share options is envisaged. 178