IBERSOL Annual Report and Consolidated Accounts 2017

Report on Corporate Governance E. RELATED PARTY TRANSACTIONS I. Control procedures and mechanisms 89. Mecanismos implementados pela sociedade para efeitos de 89. Mechanisms implemented by the Company for purposes of monitoring of transactions with related parties (for this purpose refers to the concept resulting from IAS 24) The Statutory Audit Committee has approved the criteria for a previous evaluation of the transactions between the Company and holders of qualified shareholdings or entities related to them, within the terms of art. 20 of the Securities Code, require prior assessment. The criteria has been defined as a transaction value equal to five per cent or more of the conso- lidated net assets of Ibersol SGPS, SA. 90. Statement of the transactions that were subject to control in the reference year No businesses or transactions were entered into that required such prior assessment. 91. Description of the procedures and criteria for intervention by the Authority for the purpose of preliminary assessment of the business carried out between the Company and holders of qualifying holdings or entities that are in a relationship with them, under Article 20. of CVM The Statutory Audit Committee was not required to issue any opinion in 2017, given no lia- bility transactions were entered into that required its opinion. The procedures for intervention by the Statutory Audit Committee in the preliminary asses- sment of any business to be held between the company and holders of qualifying holdings follows the rules of the respective Regulation of the Supervisory Board, published in www. ibersol.pt ; II. Elements related to transactions 92. Location where the financial statements and the information about transactions with subsidiaries can be found (in accordance of IAS 24) Information on transactions with related parties is provided in the Annex to the individual financial statements and in the Annex to the consolidated financial statements. 182