IBERSOL Annual Report 2018

CORPORATE GOVERNANCE REPORT 41. Other services provided to the Company. The Statutory Auditor is also the Company’s external auditor. V. EXTERNAL AUDITOR 42. Identification. The external auditor named under article 8th of the Securities Code is “KPMG & Associados - Sociedade de Revisores Oficiais de Contas, SA. “ registered in the Securities Market Commission under nº 20161489, and in 2018 its representative was the Statutory audit Dr.ª Adelaide Maria Viegas Clare Neves ( ROC nº 862). 43. Permanence of Functions. The external auditor was elected for the first time in 2018 and develops its first mandate since 2018 to 2020. The partner who represents the actual External Auditor exercises since 2018 and will end her functions when a new company’s external auditor shall be appointed. 44. Policy and frequency of rotation of the external auditor and its partner. The external auditor and its representative partner member in the per- formance of its duties are in a first mandate. The election for each man- date is carried out by the General Meeting upon proposal of the Statu- tory Audit Committee and the frequency of rotation thereof shall be appraised in accordance with best corporate governance practices at the date of the proposal for a new term of office. 45. External Auditor assessment. The Statutory Audit Committee annually assesses the work of the exter- nal auditor and states its conclusions in its Report and Opinion, issued in the terms and for the purposes of art. 420.1.g) of the Companies Code (CSC). 158