IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 b) Functioning 22. Location where the regulations governing the functioning of the Board of Directors can be found The Regulations of the Board of Directors may be consulted on the Com- pany’s website: www.ibersol.pt . 23. Number of meetings held and attendance level of each member of the Board of Directors The By-Laws of the Company stipulate that the Board of Directors shall meet at least quarterly and whenever convened by the Chairman or two of its members. Meetings of the Board of Directors are arranged and pre- pared in advance and the necessary documentation of the points on the agenda is made available in good time. The minutes of meeting are registered in proper book. In 2021, 12 meetings of the Board of Directors were held. The Executive Members and the others Members had an attendance and representation rate (see article 14º nº 4 of the Company’ s Bylaws and article 410º nº 5 of the CSC) - in a level of 100%. 24. Competent Bodies of the Company to appraise the performance of executive directors The Board of Directors conducts an annual assessment of its own perfor- mance, both in terms of the performance of its group and of the individual performance of the executive members and the non-executive members, emphasizing the analysis of the parameters compliance with the strategic plan and the budget outlined for the Company, evaluating the risk man- agement process, as well as placing this assessment at the level of the relationship with the other corporate bodies and with the Remuneration Committee. The Remuneration Committee, representing the shareholders, is respon- sible for assessing the performance and the approval of remunerations of the Board of Director’s Members and other bodies in accordance with the remuneration policy approved by the shareholders in the General Meeting. 255