IBERSOL Annual Report and Consolidated Accounts 2017

ANNUAL REPORT 2017 II.1.9 The Chairman of the Executive Board of the Executive Committee shall submit, as applicable, to the Chairman of the Board of Directors, the Chairman of the Supervisory Board, the Chair of the Audit committee, the Chair General and Supervisory Board and the Chairman of the Financial Matters Board, the convening notices and minutes of the relevant meetings. Adopted The Chairman of the Executive Committee makes all the informa- tion about com- mittee meetings available to the members of the Board of Direc- tors and the Audit Committee. II.1.10 If the chair of the board of directors carries out executive duties, said body shall appoint, from among its members, an independent member to ensure the coordination of the work of other non-executive members and the conditions so that these members can make independent and informed decisions or to ensure the existence of an equivalent mechanism for such coordination. Adopted Part I Number 18 of this Corporate Gov- ernance Report. II. 2. SUPERVISION II.2.1 Depending on the applicable model, the Chair of the Supervisory Board, the Audit Committee or the Financial Matters Committee shall be independent in accordance with the applicable legal standard, and have the necessary skills to carry out their relevant duties. Adopted Part I Numbers 32 and 33 of this Corpo- rate Governance Report. II.2.2 The supervisory body shall be the main representative of the external auditor and the first recipient of the relevant reports, and is responsible, inter alia, for proposing the relevant remuneration and ensuring that the proper conditions for the provision of services are provided within the company. Adopted Part I Numbers 37 and 38 of this Corpo- rate Governance Report. 187