IBERSOL Annual Report 2018

CORPORATE GOVERNANCE REPORT Capítulo V EVALUATION OF PERFORMANCE, REMUNERATION AND APPOINTMENT V.1. Annual evaluation of performance Recommendation Degree of Compliance Corporate Governance Report V.1.1. The managing body should annually evaluate its performance as well as the performance of its committees and delegated directors, taking into account the accomplishment of the company’s strategic plans and budget plans, the risk man- agement, the internal functioning and the con- tribution of each member of the body to these objectives, as well as the relationship with the company’s other bodies and committees. Adopted 24 and 25 V.1.2. The supervisory body should supervise the company’s management, especially, by annually assessing the accomplishment of the company’s strategic plans and of the budget, the risk man- agement, the internal functioning and the con- tribution of each member of the body to these objectives, as well as the relationship with the company’s other bodies and committees. Adopted 38, 50 and 51 V.2 Remunerações V.2.1. The remuneration should be set by a com- mittee, the composition of which should ensure its independence from management. Adopted 66 to 68 V.2.2. The remuneration committee should ap- prove, at the start of each term of office, execute, and annually confirm the company’s remuneration policy for the members of its boards and commit- tees, including the respective fixed components. As to executive directors or directors periodically invested with executive duties, in the case of the existence of a variable component of remunera- tion, the committee should also approve, execute, and confirm the respective criteria of attribution and measurement, the limitation mechanisms, the mechanisms for deferral of payment, and the re- muneration mechanisms based on the allocation of options and shares of the company. Adopted 69 to 76 190