IBERSOL | Annual Report 2020

CORPORATE GOVERNANCE REPORT 2. Under the terms of number 3 of the article 248º-B and 245º-A of the Securities Code, Directors are, besides Management and Supervisory Bodies members, those who have regular access to privileged informa- tion and take part in the company’s decisions upon management and negotiation strategy. 3. According to CMVM Recommendations upon publicly listed companies corporate governance, and to promote transparency, in order to com- ply with Recommendations of Corporate Governance, the Board of Di- rectors submits to this General Meeting this statement with the guide- lines observed to determine the mentioned remunerations, as follows: a) The remuneration policy adopted for Ibersol’s Directors matches with the policy determined for the generality of the Company’s em- ployees. b) However, the Company’s Directors remuneration contains a fix re- muneration and an eventual performance bonus. c) The evaluation of the performance quality and the performance bo- nus are established according to the criteria previously defined by the Board of Directors. d) Therefore, behaviour factors of each Director, namely, specific com- petencies to the function, its level of responsibility, ability to adjust to company’s management and specific procedures, autonomy lev- el of individual performance, will be attended to determine an even- tual performance bonus, being also considered the technical and/or the financial-economic performance in the Directors’ business sec- tor, as well as the financial/economic performance of IBERSOL. OPorto, 27 April 2021 The Board of Directors 286