IBERSOL Annual Report 2018

CORPORATE GOVERNANCE REPORT V.2.6. Within the company’s budgetary limita- tions, the remuneration committee should be able to decide, freely, on the hiring, by the com- pany, of necessary or convenient consulting ser- vices to carry out the committee’s duties. The remuneration committee should ensure that the services are provided independently and that the respective providers do not provide other services to the company, or to others in control- ling or group relationship, without the express authorization of the committee. Not applicable 67 V.3 Director remuneration V.3.1. Taking into account the alignment of inter- ests between the company and the executive di- rectors, a part of their remuneration should be of a variable nature, reflecting the sustained perfor- mance of the company, and not stimulating the assumption of excessive risks. Not applicable 69 to 72 V.3.2. A significant part of the variable compo- nent should be partially deferred in time, for a period of no less than three years, thereby con- necting it to the confirmation of the sustainabil- ity of the performance, in the terms defined by a company’s internal regulation. Not applicable 71 and 72 V.3.4. When variable remuneration includes the allocation of options or other instruments di- rectly or indirectly dependent on the value of shares, the start of the exercise period should be deferred in time for a period of no less than three years. Not applicable 71 to 74 V.3.5. The remuneration of non-executive direc- tors should not include components dependent on the performance of the company or on its value. Cumprida 69 192