IBERSOL Annual Report 2018

ANNUAL REPORT 2018 - In addition to the common basic minimums, each candidate individu- ally must contribute to the overall knowledge and competencies of the Board of Directors, as follows: 1. Deep and international knowledge of the main sectors of activity of Ibersol; 2. Knowledge of the main markets and geographies of the main businesses; 3. Knowledge and skills in management techniques and technolo- gies that determine the success of companies with dimension in our sectors of activity; - Candidates must have the human qualities, clarity of purpose, ana- lytical ability, synthesis ability and communication skills required for a large number of diverse and complex subjects can be discussed in necessary limited time and necessary depth to provide high quality and timely decision making; - Subject to the fulfilment of the other factors, a significant representa- tiveness of genres and origins should seek to achieve a significant rep- resentativeness of genres and origins. The composition of the management and supervisory bodies elected by the General Meeting in most of the Group’s Companies complies the above mentioned guidelines, presenting a balanced diversity of gender, origin, qualifications and professional background. In the Statutory Audit Committee and General Meeting’s Board whose composition is above described in this report, the proportion of persons of each sex respects, in advance, the limiting principles imposed by the Article 5 of Law 62/2017 1st August. However this perspective has not oc- curred in the appointment of the Board of Directors members started in 2017 for it’s four-year mandate. The diversity and professional experience of the members of the Board of Directors and the Statutory Audit Committee are a result of it’s respective curriculum vitae. In addition to the elements above described, there are no other relevant elements to be considered. 197