IBERSOL | Annual Report 2020

CORPORATE GOVERNANCE REPORT Company does not directly pay any remuneration to any of its execu- tive directors. Given that ATPS-Sociedade Gestora de Participações Sociais, SA. is controlled by the directors António Carlos Vaz Pinto de Sousa and António Alberto Guerra Leal Teixeira, out of the abovemen- tioned total of 1,000,000 Euros paid in 2020, it is supposed that each director has received the amount of 500,000 Euros. The non-executive member receives annual remuneration of 6,000 Euros, and has not received any other remunerations of any kind, namely performance bonuses, bonuses or any additional performance fees and / or any ad- ditional payments at the annual amount of 6,000 Euros provided to by the company. The mentioned executive directors do not receive any other remunera- tion in other companies of the group nor have pension rights acquired in 2020. In view of the above, it is not possible to issue a statement on the remu- neration policy of the members of the governing body of the company, particularly a report containing the information mentioned in actual arti- cle 2.3 of Law 28/2009. c) The remuneration of the members of the Statutory Audit Committee for 2020 was set at a fixed annual amount, payable twelve times a year. The individual members received the following annual remuneration: Chairman – Dr. Carlos Alberto Alves Lourenço: 9,900.00 Euros; Vice-Chairman – Dr.ª Maria José Martins Lourenço da Fonseca: 8,800.00 Euros; Member – Dr. Eduardo Moutinho Ferreira Santos: 8,800.00 Euros; The general principles observed are essentially those that emerge from the law, considering the activities actually performed by the above per- sons, also the Company’s economic situation and the usual terms and conditions in comparable situations. The functions performed by each member of the corporate governing bodies were considered in the broad- est sense of the activity performed, using the level of responsibility as an assessment parameter. The weighting of the functions is considered in a 284