IBERSOL | Annual Report 2020

ANNUAL REPORT 2020 Company’s shareholders in the 2021 Annual General Meeting, in accord- ance with Annex 1 . The general principles of the remuneration policy for the Audit Bodies and the Board of the General Meeting are as follows: a) Functions performed: - the nature and volume of the activity in- volved in the functions performed by each member of the above- mentioned corporate governing bodies is taken into consideration, as well as the responsibilities assigned to each one. The members of the Statutory Audit Committee, the Board of the General Meeting and the Staturory auditor will not all occupy the same organiza- tional or functional position. Various criteria are applied, including level of responsibility, time commitment or the value of a particular service or institutional representation. b) The Company’s economic situation. c) One relevant consideration will be the size of the company and the relative degree of functional complexity. 71. Reference, if applicable, of the existence of a variable remunera- tion component and information about likely impact of performance appraisal in this component There is no variable component. 72. Deferring payment of the variable remuneration component, spec- ifying the period of deferral There is no variable component. 73. Criteria that underlie the allocation of variable remuneration in shares and the maintenance of these shares by Executive Directors No remuneration involving the allocation of shares or any other system of bonuses paid in shares is envisaged. 261