IBERSOL Annual Report 2018

CORPORATE GOVERNANCE REPORT 9. Board of Directors qualification due to share capital increase Under article 4th number 2 of the Company’s By-laws the share capital may be increased to one hundred million euros in one or more increases by resolution of the Board of Directors, which shall determine the form and conditions of subscription and categories of shares to be issued from among those provided in the By-laws articles or others permitted by law. However, this statutory provision is not actually applicable face to the expiration of the five-year period established in Article 456 (2) (b) of the Companies Code – but the general meeting can resolve at any time upon the renewal of those Board of Directors powers under previ- sion of the article 456 (4) of the same Code. 10. Related Parties significant Transactions No material business or significant transactions were conducted be- tween the Company and holders of qualifying shareholdings. B. GOVERNING BODIES AND COMMITTEES I. GENERAL MEETING a) Board of the Shareholders’ General Meeting 11. Name, function and mandate of the General Meeting Board´s members Throughout 2018, and as election act held in the Annual General Meeting on 26 May 2017, the composition of the Board of the General Meeting was as follows: Chairwoman of the Board – Dr. a Luzia Leonor Borges e Gomes Ferreira; Vice-Chairwoman – Dr. a Raquel de Sousa Rocha; Secretary – Dr. a Maria Leonor Moreira Pires Cabral Campello; These members are elected for a four-year mandate, from 2017 to 2020. 136