IBERSOL | Annual Report 2021

CORPORATE GOVERNANCE REPORT terial variable components. The Executive members of the Board of Directors are remunerated by the shareholder ATPS, SGPS, S.A, which has subscribed a contract for services with Ibersol Restauração, S.A. and these members didn´t earned, neither having been fixed to them, any other remuneration com- ponents, whatever the title or type - as described in Chapter IV below, Point 77. The non-executive member received a fixed annual remuneration, as described in Chapter IV below, Point 77 , and these members did not earn, nor having fixed to them, any other remuneration components, whatever the title or type. The total remuneration of the members of the Statutory Audit Commit- tee for 2021 was as follows: Chairman : month value/ €825, year value/ €9,900; Member : month value/ €733,33, year value/ €8,800; Member : month value/ €733,33, year value/ €8,800; Substitute : without fixed or earned remuneration; ROC : 32,000 euros in a fixed amount for the year 2021, without any other associated components, of any other kind. The members of the company’s Supervisory Board did not earn, nor having been determined to them, any other remuneration components, whatever the title or type. 70. Information about remuneration structure in order to align the in- terests of members of the board with the long-term interests of the Company as well as about the Company assess and discourage exces- sive risk assumption. The directors’ remuneration policy is the responsibility of the Remunera- tion Committee, which will submit its proposals to the approval of the Company’s shareholders in the 2022 Annual General Meeting, in accord- ance with Annex 1 . The general principles of the remuneration policy for the Audit Bodies and the Board of the General Meeting are as follows: a) Functions performed: - Regarding the functions performed by each holder of the aforementioned governing bodies, the policy aims to take into account the nature and activity effectively carried out, as 280