IBERSOL Annual Report and Consolidated Accounts 2017

Report on Corporate Governance III.3 The variable component of remuneration shall be reasonable overall in relation to the fixed component of the remuneration and maximum limits should be set for all components. Not applicable Part I Numbers 69. to 76. of this Corpo- rate Governance Report. III.4 A significant part of the variable remuneration should be deferred for a period not less than three years, and the right of the payment shall depend on the continued positive performance of the company during that period. Not applicable No such contracts exist. Part I Numbers 69. to 76. of this Corporate Governance Re- port. III.5 Members of the Board of Directors shall not enter into contracts with the company of with third parties which intend to mitigate the risk inherent to remuneration variability set by the company. Not applicable No variable remu- neration is paid to executive direc- tors. Part I Numbers 69. to 76. of this Corporate Governance Re- port. III.6 Executive board members shall maintain the company’s share that were allotted by virtue of variable remuneration schemes, up to twice the value of the total annual remuneration, except for those that need to be sold for paying taxes on the gains of said shares, until the end of their mandate. Not applicable No variable remu- neration is paid to executive direc- tors. Part I Num- bers 69. to 76. of this Corporate Go- vernance Report. III.7 When the variable remuneration includes the allocation of options, the beginning of the exercise period shall be deferred for a period not less than three years. Não aplicável No variable remu- neration is paid to executive direc- tors. Part I Num- bers 69. to 76. of this Corporate Go- vernance Report. 190