IBERSOL | Annual Report 2021

CORPORATE GOVERNANCE REPORT b) the remuneration of these Directors of the Company essentially com- prises a fixed remuneration, under the terms and conditions that are already expressed above in points 69 to 88 of the previous Governance Report, which are highlighted. The general principles observed are essentially those that result from the law, taking into account the activities actually carried out by the workers and managers in question, also taking into account the economic situa- tion of the company and the conditions that are generally observed for equivalent situations. The functions performed by each one were taken into account, in the broader sense of the activity effectively carried out, having as an evaluative parameter the degree of responsibilities that are assigned to them. The weighting of functions is therefore considered in a broad sense and takes into account different factors, namely the level of responsibility, the time spent and the added value that results for the Ibersol Group from the respective individual degree of institutional per- formance that is required to each of these members. The size of the com- pany and the degree of complexity, which, in relative terms, is associated with the designated functions, is also a relevant aspect. The combination of the factors that are enumerated and the valuation given to them, makes it possible to ensure not only the interests of the holders themselves, but primarily the performance criteria that are relevant and related to the dif- ferent degrees of performance requirement and responsibility of each one, taking into account the respective contributions to the company’s long-term business strategy, to its current and future interests, and to its sustainability, having been taken into account in this remuneration policy, and in proportionate and balanced equalization in relation to the various functions performed and degree of functional performance – also consid- ering, in equitable terms, the conditions of employment and remuneration of the Group’s Workers in the context of the year 2021 and foreseeable future context. Regarding the annual variation in remuneration, in the performance of the company and its subsidiaries, and in the average remuneration of employ- ees in terms of full-time equivalent of the company, there are no changes 310