IBERSOL | 2019 Annual Report

Corporate Governance Report I.4. Conflicts of interest I.4.1. .The duty should be imposed, to the mem- bers of the company’s boards and committees, of promptly informing the respective board or committee of facts that could constitute or give rise to a conflict between their interests and the company’s interest Adopted 49, 89 to 92 I.4.2. Procedures should be adopted to guarantee that the member in conflict does not interfere in the decision-making process, without prejudice to the duty to provide information and other cla- rifications that the board, the committee or their respective members may request. Adopted 49, 89 to 92 1.5 Related party transactions I.5.1. The managing body should define, in accor- dance with a previous favourable and binding opinion of the supervisory body, the type, the scope and the minimum individual or aggregate value of related party transactions that: (i) requi- re the previous authorization of the managing board, and (ii) due to their increased value re- quire an additional favourable report of the su- pervisory Adopted 89 to 92 I.5.2. The managing body should report all the transactions contained in Recommendation l.5.1. to the supervisory body, at least every six months. Adopted 89 to 92, and 61 180