IBERSOL | 2019 Annual Report

2019 ANNUAL REPORT PART II GOVERNANCE MODEL EVALUATION 1. Identification of the corporate governance code adopted This Corporate Governance Report was prepared in accordance with CMVM Regulation 4/2013 of 1 August and with the new Corporate Go- vernance Code of the Portuguese Institute of Corporate Governance (IPCG) from 2019. In accordance with article 4. 2 of CMVM Regulation 4/2013, the necessary and indispensable information is disclosed as re- quired by these regulations, both in substance and form. The report complies with article 245-A of Securities Code and in ac- cordance with the comply or explain principle, indicates the degree of compliance with the new Recommendations from the mentioned IPCG as stated in it´s 2019 Corporate Governance Code. The reporting obligations under Law 28/2009 of 19 June, articles 447 and 448 of Companies Code and CMVM Regulation 5/2008 of 2 Octo- ber 2008 with the changes of Regulation 7/2019. are also complied. All the legal and regulatory texts mentioned in this report are available at www.cmvm.pt and www.cam.cgov.pt . 2. Analysis of compliance with the corporate governance code adopted Overall Ibersol, SGPS, SA complies with the CMVM’s corporate gover- nance recommendations, as observes and exposes the degree of com- pliance with the new Recommendations of the Portuguese Institute of Corporate Governance, as follows: 177