IBERSOL | Annual Report 2021

CORPORATE GOVERNANCE REPORT The Committee understands that the remuneration policy adopted is in line with the practices of similar companies. Given the market pressures in the search for talent and skills at an executive level, the Remuneration Committee will periodically analyze competitiveness based on compara- tive studies carried out by independent entities of recognized compe- tence. The Remuneration Committee considers that the remuneration of Direc- tors with executive functions is adequate and allows, through the defini- tion of adequate goals, their alignment with the interests of the Company in the long term. Alignment with the Company’s long-term interests will be reinforced by the circumstances of two directors jointly being majority shareholders of the Company. For this reason, the Remuneration Commit- tee believes that there is no deferral of the variable remuneration. If there are specialized committees, the amount paid to the directors who are part of them and who do not exercise executive functions in the com- pany may differ from the others, and the Remuneration Committee may in these cases assign attendance vouchers, bearing in mind that the func- tions performed imply a greater demand in terms of availability. Fixed remunerations may also be awarded to non-executive directors who are in charge of specific tasks. The Chairman, Vice-Chairman and Secretary of the General Meeting Board and the Chairman and members of the Supervisory Board will continue to be assigned a fixed annual amount distributed over the different months. The remuneration of the Statutory Auditor will correspond to the amounts contained in the contract for the provision of auditing services. The re- spective remuneration must be in line with what is practiced in the market and results from the proposal that was presented to the company during the public consultation. The Remuneration Committee also intends to point out to the shareholders: - that the Company does not have any share attribution plan or option to purchase shares to managers - there was no remuneration paid in the form of profit sharing, notwith- standing the fact that this matter is being considered. The company has not adopted any agreements with members of the gov- erning bodies related to the performance of their duties, applicable notice 308