IBERSOL Annual Report 2018

CORPORATE GOVERNANCE REPORT I.4. Conflicts of interest I.4.1. The duty should be imposed, to the mem- bers of the company’s boards and committees, of promptly informing the respective board or committee of facts that could constitute or give rise to a conflict between their interests and the company’s interest. Adopted 49, 89 to 92 I.4.2. Procedures should be adopted to guar- antee that the member in conflict does not in- terfere in the decision-making process, without prejudice to the duty to provide information and other clarifications that the board, the commit- tee or their respective members may request. Adopted 49, 89 to 92 I.5. Related party transactions I.5.1. The managing body should define, in ac- cordance with a previous favourable and binding opinion of the supervisory body, the type, the scope and the minimum individual or aggregate value of related party transactions that: (i) re- quire the previous authorization of the manag- ing board, and (ii) due to their increased value require an additional favourable report of the supervisory Adopted 89 to 92 I.5.2. The managing body should report all the transactions contained in Recommendation l.5.1. to the supervisory body, at least every six months. Adopted 89 to 92, and 61 184