IBERSOL | Annual Report 2020

ANNUAL REPORT 2020 Explanation for not adopted or partially adopted Recommendations Recommendation II.3 - In the absence of express requests from share- holders up to the present date regarding the form of participation in the General Meeting by telematic or remote means, and if this modality is not specifically provided in company’s bylaws, the possibility of recom- mendation to use this same route at a distance if force majeure reasons, for example, justifies it, all without prejudice of such modality may be considered expressly in a future statutory revision. Recommendation II.4 - In the absence of express requests from share- holders up to the present date regarding the method of exercising the right to vote electronically, this method is not yet foreseen in the com- pany’s articles of association, without prejudice to such modality be considered relevant in a future statutory review. However, the voting by correspondence method by email / via email is already operative. Other information The company should provide any additional elements or information that, if not finding explained in the preceding paragraphs, are relevant to understand the model and governance practices adopted. In compliance of the premises supra exposed and in accordance with paragraph 1-r), Article 245-A, of the Portuguese Securities Code, we will expose the information about the diversity policy applied in the Compa- ny related to it’s management and supervisory bodies, namely in terms of age, sex, qualifications and professional background, also the objec- tives of this diversity policy, the way it was pursued, and it’s results in the 2020 exercise. The diversity policy applied by the company related to its management and supervisory bodies complies with the following general principles: The candidates for members of the management and supervisory bod- ies should observe: - Experience in sufficiently senior positions in companies or similar or- ganizations that provide them: 1. To evaluate, challenge and develop of the most senior managers of the company; 2. To evaluate and challenge the corporate strategy of the group and its main subsidiaries; 3. To evaluate and challenge the operational and financial performance of the company; 281