IBERSOL | Annual Report 2020

ANNUAL REPORT 2020 IV.3. In the annual report, the managing body ex- plains in what terms the strategy and the main policies defined seek to ensure the long-term success of the company and which are the main contributions resulting therein for the commu- nity at large. Adopted 24, 29, 50 to 53, 54 and 55 Chapter V EVALUATION OF PERFORMANCE, REMUNERATION AND APPOINTMENT V.1. Annual evaluation of performance Recommendation Degree of Compliance Corporate Governance Report V.1.1. The managing body should annually evaluate its performance as well as the performance of its committees and executive directors, taking into account the accomplishment of the company’s strategic plans and budget plans, the risk man- agement, the internal functioning and the con- tribution of each member of the body to these objectives, as well as the relationship with the company’s other bodies and committees. Adopted 24 and 25 V.2 Remuneration V.2.1. The company should create a remuneration committee, the composition of which should en- sure its independence from the management, which may be the remuneration committee ap- pointed under the terms of article 399 of the Commercial Companies Code. Adopted 66 to 68 V.2.2. The remuneration should be set by the re- muneration committee or the general meeting, on a proposal from that committee. Adopted 69 to 76 275