IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 17. Composition of the Board of Directors The Board of Directors is currently composed of five members, the exec- utive members being the Chairman and the Vice-Chairman. The Board of Directors shall choose its own chairman if this one has not been ap- pointed by the General Meeting at the time of its election. The Board of Directors may specifically appoint one or more directors to handle certain matters. On 31 December 2021 the Board of Directors was com- posed by the following members: Chairman – Dr. António Alberto Guerra Leal Teixeira Vice-Chairman – Dr. António Carlos Vaz Pinto de Sousa Member – Eng.ª Maria Deolinda Fidalgo do Couto Member – Professor Doutor Juan Carlos Vazquez-Dodero de Bonifaz Member – Dr.ª Maria do Carmo Guedes Antunes de Oliveira All members were elected at the General Meeting held on June 18, 2021 for the four-year period of the 2021-2024 corporate year, also mentioning that the requirement of a balanced composition in terms of gender of the governing bodies, in accordance with the quotas system, has its direct applicability verified - the company having observed these gender quotas in this new electoral act of 18/06/2021 under the terms of Law nº 62/2017 of 1 August. The date of the first appointment to exercise the respective mandate took place in 1997 (Dr. António Alberto Guerra Leal Teixeira), in 1991 (Dr. António Carlos Vaz Pinto de Sousa), in 2021 (Eng. Maria Deolinda Fidalgo do Couto), in 1999 (Prof. Dr. Juan Carlos Vazquez-Dodero de Bonifaz) and in 2021 (Dr. Maria do Carmo Guedes Antunes de Oliveira). The statutory term of office is four years, as set out in article 27 of the Company’s Bylaws. The Board of Directors may also delegate the current management of the Company in one or more directors or an executive committee, under the terms and within the legal limits. The Board of Directors will be responsible for regulating the functioning of the Executive Committee and the way in which it will exercise the powers entrusted to it. 243