IBERSOL | 2019 Annual Report

2019 ANNUAL REPORT Audit Committee, the Board of the General Meeting and the Statu- rory auditor will not all occupy the same organizational or functional position. Various criteria are applied, including level of responsibility, time commitment or the value of a particular service or institutional representation. b) The Company’s economic situation. c) One relevant consideration will be the size of the company and the relative degree of functional complexity. 71. Reference, if applicable, of the existence of a variable remunera- tion component and information about likely impact of performance appraisal in this component. There is no variable component. 72. Deferring payment of the variable remuneration component, spe- cifying the period of deferral. There is no variable component. 73. Criteria that underlie the allocation of variable remuneration in shares and the maintenance of these shares by Executive Directors. No remuneration involving the allocation of shares or any other system of bonuses paid in shares is envisaged. 74. Criteria that underlie the allocation of variable remuneration in options and indication of the deferral period and the exercise price and the members of the Company. No remuneration involving the allocation of share options is envisaged. 75. Main parameters and reasoning for any scheme of annual bonuses and any other noncash benefits. There is no system of annual awards or other non-cash benefits. 76. Main characteristics of complementary pension or early retire- ment schemes for the Administrators. There is no pension or early retirement scheme for members of the go- verning bodies, audit bodies or other senior managers. 171