IBERSOL Annual Report and Consolidated Accounts 2017

Report on Corporate Governance until the end of the year. In setting all remuneration, the general principles stated above were observed: functions performed, situation of the Company and comparative criteria for equi- valent degrees of performance. Oporto, 28 th Mars 2018. Remuneration Committee, Vítor Pratas Sevilhano, Dr. Joaquim Alexandre de Oliveira e Silva,, Dr. António Maria de Borda Cardoso,Dr. ANNEX II BOARD OF DIRECTOR’S STATEMENT UPON THE REMUNERATION POLICY OF IBERSOL, SGPS, S.A. DIRECTORS 1. According to the competence established under article 11º of IBERSOL, SGPS, SA. Asso- ciation Articles, the Board of Directors has the responsibility to determine the general re- muneration policy and incentives for the Company’s Directors positions and also, for all the administrative and technician personnel. 2. Under the terms of number 3 of the article 248º-B Securities Code, Directors are, besides Management and Supervisory Bodies members, those who have regular access to privileged information and take part in the company’s decisions upon management and negotiation strategy. 3. According to CMVM Recommendations upon publicly listed companies corporate gover- nance, and to promote transparency, in order to comply with Recommendations of Corporate Governance, the Board of Directors submits to this General Meeting this statement with the guidelines observed to determine the mentioned remunerations, as follows: a) The remuneration policy adopted for Ibersol’s Directors matches with the policy determined to generality of the Company’s employees. b) However, the Company’s Directors remuneration contains a fix remuneration and, an eventual performance bonus. c) The evaluation of the performance quality and the performance bonus are esta- blished according to the criteria previously defined by the Board of Directors. 196