IBERSOL Annual Report 2018

CORPORATE GOVERNANCE REPORT Explanation for not adopted or partially adopted Recommendations: Recommendation II.3 - In the absence of expressive requests from shareholders until the present date regarding the exercise of the right to vote by electronic means, this modality is not yet foreseen in the Com- pany’s By-laws, without prejudice of that modality can be considered relevant in future By-laws revision. Recommendation II.4 - In the absence of expressive requests from shareholders until the present date regarding the modality of participa- tion in the General Meeting by telematic means, this modality is not yet foreseen in the Company’s By-laws, without prejudice to such modality can be considered relevant in future By-laws revision. Other Information The company should provide any additional elements or information that, if not finding explained in the preceding paragraphs, are relevant to understand the model and governance practices adopted. In compliance of the premises supra exposed and in terms of the 245º-A article, number 1, alinea r) of the Portuguese Securities Code, we will ex- pose the information about the diversity policy applied in the Company related to it’s management and supervisory bodies, namely in terms of age, sex, qualifications and professional background, also the objectives of this diversity policy, the way it was pursued, and it’s results in the 2018 exercise. The diversity policy applied by the company related to it’s management and supervisory bodies complies with the following general principles: The candidates for members of the management and supervisory bod- ies should observe: - Experience in sufficiently senior positions in companies or similar or- ganizations that provide them: 1. To evaluate, challenge and develop of the most senior managers of the company; 2. To evaluate and challenge the corporate strategy of the group and its main subsidiaries; 3. To evaluate and challenge the operational and financial perfor- mance of the company; 4. To evaluate the degree of compliance in the organization of the Ibersol values; 196