IBERSOL | Annual Report 2021

CORPORATE GOVERNANCE REPORT II.6. The company should not adopt mechanisms that imply payments or assumption of fees in the case of the transfer of control or the change in the composition of the managing body, and which are likely to harm the free transferability of shares and a shareholder assessment of the performance of the members of the managing body. Adopted 4 Chapter III NON-EXECUTIVE MANAGEMENT, MONITORING AND SUPERVISION Recommendation Degree of Compliance Corporate Governance Report III.1. Without prejudice to the legal powers of the chair of the managing body, if he or she is not independent, the independent directors should appoint a coordinator from amongst them, namely, to: (i) act, when necessary, as an interlocutor near the chair of the board of directors and other directors; (ii) make sure there are the necessary conditions and means to carry out their functions; and (iii) coordinate the independent directors in the assessment of the performance of the managing body, as established in recommendation V.1.1. Not applicable 18 III.2. The number of non-executive members in the managing body, as well as the number of mem- bers of the supervisory body and the number of the members of the committee for financial mat- ters should be suitable for the size of the compa- ny and the complexity of the risks intrinsic to its activity, but sufficient to ensure, with efficiency, the duties which they have been attributed. The formation of such suitability judgment should be included in the corporate governance report. Adopted 17, 18, 28, 29, 31 to 33 III.3. In any case, the number of non-executive directors should be higher than the number of executive directors. Adopted 17 292