IBERSOL | 2019 Annual Report

Corporate Governance Report V.2.6. Within the company’s budgetary limita- tions, the remuneration committee should be able to decide, freely, on the hiring, by the com- pany, of necessary or convenient consulting ser- vices to carry out the committee’s duties. The remuneration committee should ensure that the services are provided independently and that the respective providers do not provide other servi- ces to the company, or to others in controlling or group relationship, without the express authori- zation of the committee. Not applicable 67 V.3 Director remuneration V.3.1. Taking into account the alignment of inte- rests between the company and the executive directors, a part of their remuneration should be of a variable nature, reflecting the sustained per- formance of the company, and not stimulating the assumption of excessive risks. Not applicable 69 to 72 V.3.2. A significant part of the variable compo- nent should be partially deferred in time, for a period of no less than three years, thereby con- necting it to the confirmation of the sustainabili- ty of the performance, in the terms defined by a company’s internal regulation. Not applicable 71 and 72 V.3.4. When variable remuneration includes the allocation of options or other instruments direc- tly or indirectly dependent on the value of shares, the start of the exercise period should be defer- red in time for a period of no less than three years. Not applicable 71 to 74 V.3.5. The remuneration of non-executive direc- tors should not include components dependent on the performance of the company or on its value Adopted 69 188