IBERSOL Annual Report 2018

CORPORATE GOVERNANCE REPORT The combination of the abovementioned factors and assessment thereof serves to guarantee not only the interests of the post holders but also the primordial interests of the Company. The remuneration policy we submit to the approval of the Shareholders of the Company is therefore based on the abovementioned parameters, consisting of the remuneration of the members of the corporate bodies in a gross fixed amount, paid in twelve monthly instalments until the end of the year. In setting all remuneration, the general principles stated above were observed: functions performed, situation of the Company and com- parative criteria for equivalent degrees of performance. Oporto, 3 rd April 2019. Remuneration Committee, Vítor Pratas Sevilhano, Dr., Joaquim Alexandre de Oliveira e Silva, Dr., António Maria de Borda Cardoso, Dr. Annex II BOARD OF DIRECTOR’S STATEMENT BOARD OF DIRECTOR’S STATEMENT UPON THE REMUNERATION POLICY OF IBERSOL, SGPS, S.A. DIRECTORS 1. According to the competence established under article 11º of IBERSOL, SGPS SA. By- laws, the Board of Directors has the responsibility to deter- mine the general remuneration policy and incentives for the Company’s Directors positions and also, for all the administrative and technician per- sonnel. 2. Under the terms of number 3 of the article 248º-B and 245º-A of the Se- curities Code, Directors are, besides Management and Supervisory Bodies members, those who have regular access to privileged information and take part in the company’s decisions upon management and negotiation strategy. 200