IBERSOL Annual Report 2018

CORPORATE GOVERNANCE REPORT Annex I REMUNERATION COMMITTEE STATEMENT OF THE REMUNERATION COMMITTEE ABOUT THE REMUNERATION POLICY FOR THE CORPORATE GOVERNING BODIES OF IBERSOL, SGPS S.A. TO BE SUBMITTED FOR APPROVAL BY THE GENERAL MEETING ON 8 th May 2019 1. Under the terms of the authority assigned to this Committee by the General Meeting of shareholders of Ibersol SGPS, SA. and under the terms of article 26.2 of the By-laws of the Company, the function of this Remu- neration Committee is to set the remuneration of the members of the corporate governing bodies. 2. Under the applicable terms of the By-laws, the Remuneration Com- mittee was appointed by the General Meeting of Shareholders on 26th May 2017 and is made up of three members, who are independent of the members of the Company’s governing and audit bodies. 3. The Remuneration Committee thus submits this report for the consider- ation of this General Meeting and for the purpose of adoption of Recom- mendation of the Corporate Governance Code of the Instituto Português de Corporate Governance. The report contains the guidelines followed by this Committee in setting the remuneration of the members of the gov- erning and audit bodies and the Board of the General Meeting, as follows: a) The remuneration of the members of the Board of the General Meeting for 2018 was set at a fixed annual amount, payable twelve times a year, having its members earned the following annual remuneration: Chairman – Dr.ª Luzia Leonor Borges e Gomes Ferreira: € 1,333.34 ; Vice-Chairman – Dr.ª Raquel de Sousa Rocha: € 667,92 ; Secretary – Dr.ª Maria Leonor Moreira Pires Cabral Campello: € 333.36; b) The shareholder ATPS-SGPS, SA. provided administrative and man- agement services to the Group and in 2018 received from the investee Ibersol, Restauração, SA. a total of 900,000 euros for such services. One of the obligations of ATPS-Sociedade Gestora de Participações Sociais, SA. under the contract of services with Ibersol, Restauração, SA. is to ensure that the directors of the Company António Carlos Vaz Pinto de Sousa and António Alberto Guerra Leal Teixeira perform their 198