IBERSOL | Annual Report 2021

CORPORATE GOVERNANCE REPORT vi. The entity that is a post-employment benefit plan for the benefit of the Company’s employees, or any entity that is a related party to the Com- pany; vii. Entities controlled or co-controlled by any of the natural persons men- tioned in point A. above. viii. Entities over which a person (or any close member of his family), who has Control or Joint Control of the Company, has a Significant Influence or is considered Key Management Personnel of that entity (or the par- ent company of that entity); ix. Entity, or any member of the group of which it is a part, that provides Key Management Personnel services to the Company or its holding company. C. Glossary a) Associate : means an entity, including entities without legal personality such as partnerships, over which the person in question has significant influence, and which is neither a Subsidiary nor a joint venture; b) Intimate Family Member : in relation to an individual, it refers to family members who are expected to influence, or be influenced by, that indi- vidual in their dealings with the Society, which may include: i. The spouse or person with a similar affective relationship and the indi- vidual’s children; ii. Children of the spouse or similar person with an affectionate relation- ship; and iii. Dependents of the individual, spouse, or person with a similar affective relationship. c) Control: has the meaning determined by IFRS 10 - in general terms, one entity controls another when it has power over that entity that gives it the ability to manage the activities to which it is exposed, or when it has rights in relation to variable results through its relationship with that entity and has the capacity to affect those results through the power it exercises over the investee. 324