IBERSOL | 2019 Annual Report

Corporate Governance Report Annex I REMUNERATION COMMITTEE STATEMENT REMUNERATION COMMITTEE STATEMENT OF THE REMUNERATION COMMITTEE ABOUT THE REMUNERATION POLICY FOR THE CORPORATE GOVERNING BODIES OF IBERSOL, SGPS S.A. TO BE SUBMITTED FOR APPROVAL BY THE NEXT GENERAL MEETING OF 2020 1. Under the terms of the authority assigned to this Committee by the General Meeting of shareholders of Ibersol SGPS, SA. and under the terms of article 26.2 of the By-laws of the Company, the function of this Remuneration Committee is to set the remuneration of the members of the corporate governing bodies. 2. Under the applicable terms of the By-laws, the Remuneration Commit- tee was appointed by the General Meeting of Shareholders on 26th May 2017 and is made up of three members, who are independent of the members of the Company’s governing and audit bodies. 3. The Remuneration Committee thus submits this report for the consi- deration of this General Meeting and for the purpose of adoption of Recommendation of the Corporate Governance Code of the Institu- to Português de Corporate Governance. The report contains the gui- delines followed by this Committee in setting the remuneration of the members of the governing and audit bodies and the Board of the Ge- neral Meeting, as follows: a) The remuneration of the members of the Board of the General Mee- ting for 2019 was set at a fixed annual amount, payable twelve times a year, having its members earned the following annual remunera- tion: - Chairman – Dr.ª Luzia Leonor Borges e Gomes Ferreira: € 1,333.34 ; - Vice-Chairman – Dr.ª Raquel de Sousa Rocha: € 667,92 ; - Secretary – Dr.ª Maria Leonor Moreira Pires Cabral Campello: € 333.36; b) The shareholder ATPS-SGPS, SA. provided administrative and ma- nagement services to the Group and in 2019 received from the in- vestee Ibersol, Restauração, SA. a total of 1,000,000 euros for such services. One of the obligations of ATPS-Sociedade Gestora de Par- ticipações Sociais, SA. under the contract of services with Ibersol, Restauração, SA. is to ensure that the directors of the Company An- 194