IBERSOL Annual Report and Consolidated Accounts 2017

ANNUAL REPORT 2017 II.3.3 A statement on the remuneration policy of the management and supervisory bodies referred to in Article 2 of Law No. 28/2009 of 19 June, shall also contain the following; d) Information regarding the enforceability or unenforceability of payments for the dismissal or termination of appointment of board members. Adopted Part I Number 69. of this Corporate Gover- nance Report. II.3.4 Approval of plans for the allotment of shares and/ or options to acquire shares or based on share price variation to board members shall be submitted to the General Meeting. The proposal shall contain all the necessary information in order to correctly evaluate said plan. Not applicable Part I Numbers 70. to 73. and 85. of this Corporate Gover- nance Report. II.3.5 Approval of any retirement benefit scheme established for members of corporationmembers shall be submitted to the General Meeting. The proposal shall contain all the necessary information in order to correctly evaluate said system. Not applicable There are no approved or sub- mitted for appro- val by the Gene- ral Assembly any systems of reti- rement benefits established for members of go- verning bodies. III . REMUNERATION III.1 The remuneration of the executive members of the board shall be based on actual performance and shall discourage taking on excessive risk-taking. Adopted Part I Numbers 69 to 79 of this Corporate Governance Re- port. III.2 The remuneration of the non-executive board members and the remuneration of the members of the Audit Committee shal not include any component whose value depends on the performance of the company or of its value. Adopted Part I Numbers 69, 70.e 71. of this Corpo- rate Governance Report. 189