IBERSOL | Annual Report 2020

ANNUAL REPORT 2020 The term of mandate of the Statutory Audit Committee members is four years (Article 27 of the By-laws). The current Chairman and vice- Chairman took up the respective post in 2017. The Member was first ap- pointed as a substitute in 2007 and was appointed as a member for the period 2013-2016 and 2017-2020. 32. Independence of the Fiscal Board members All the effective members meet the criteria stated in Article 414.5 of the CSC and comply with all the rules of incompatibility mentioned in Article 414.-A.1 of the CSC. The members of the Statutory Audit Committee have the duty to imme- diately report to the Company any event that might give rise to incom- patibility or loss of independence. 33. Professional Qualifications. Chairman – Dr.Carlos Alberto Alves Lourenço: Academic qualifications - Graduated by Instituto Superior de Contabilidade e Administração de Lisboa (1979) and Bachelor of Accounting and Administration; Professional activity in the last five years: - Statutory Auditor (1990); - Management Consulting at PriceWaterHouse Coopers ( PwC); Date first appointed and end of current term of office: 2017 / 2020. Functions performed in the governing bodies of other companies be- longing to the Ibersol Group: He does not perform any functions in other companies in the Ibersol Group. Number of shares of Ibersol, SGPS, SA held directly or indirectly: He does not hold any shares of the company. 239