IBERSOL Annual Report and Consolidated Accounts 2017

Report on Corporate Governance ting principles imposed by the Article 5 of Law 62/2017 1st August. However this perspective has not occurred in the appointment of the Board of Directors members started in 2017 for it’s four-year mandate. The diversity and professional experience of the members of the Board of Directors and the Statutory Audit Committee are a result of it’s respective curriculum vitae. In addition to the elements above described, there are no other relevant elements to be con- sidered. ANNEX I REMUNERATION COMMITTEE STATEMENT OF THE REMUNERATION COMMITTEE ABOUT THE REMUNERATION POLICY FOR THE CORPORATE GOVERNING BODIES OF IBERSOL, SGPS, S.A. TO BE SUBMITTED FOR APPROVAL BY THE GENERAL MEETING ON 14TH MAY 2018 1. Under the terms of the authority assigned to this Committee by the General Meeting of shareholders of Ibersol SGPS, SA. and under the terms of article 26.2 of the By-laws of the Company, the function of this Remuneration Committee is to set the remuneration of the members of the corporate governing bodies. 2. Under the applicable terms of the By-laws, the Remuneration Committee was appointed by the General Meeting of Shareholders on 26 May 2017 and is made up of three members, who are independent of the members of the Company’s governing and audit bodies. 3. The Remuneration Committee thus submits this report for the consideration of this General Meeting and for the purpose of adoption of Recommendation II.3.3 of the Corporate Gover- nance Code of the CMVM. The report contains the guidelines followed by this Committee in setting the remuneration of the members of the governing and audit bodies and the Board of the General Meeting, as follows: a) The remuneration of the members of the Board of the General Meeting for 2017 was set at a fixed annual amount, payable twelve times a year, having its mem- bers earned the following annual remuneration: - Chairman ( after 26 May ) – Dr. a Luzia Leonor Borges e Gomes Ferreira: € 800.06; - Vice-Chairman ( after 26 May ) – Dr. a Raquel de Sousa Rocha: € 400.75; - Secretary – Dr. a Maria Leonor Moreira Pires Cabral Campello: € 333.36; 194