IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 Governance and Operational Structure Ibersol – SGPS is a publicly listed company with a share capital of 46.000.000 euros, headquartered in Edifício Península, Praça do Bom Sucesso, n.º 105 a 159, 9.º andar, 4150-146 Porto. Registered at the Porto Commercial Registry Office under the registration and tax identification number 501669477. The company’s Governance is composed of the following governing bodies: · Shareholder’s General Meeting; · Board of Administrators, made up of three administrators, two of whom are on the Executive Commission; · Auditing Committee; · Certified Public Accountant. The General Assembly deliberates annually on the results of the financial year, discusses the performance of the governing and auditing bodies, and approves the distribution of dividends. The definition of the strategy and goals of the activity of the Ibersol Group is within the competence of Board of Administrators and con- ducted by the Executive Commission, in coordination with the Central Management and of each business, and also of the Shared Services. The evaluation of results is carried out regularly at a quarterly basis. In the same fashion, decisions of greater impact are carried out monthly by the Executive Commission, following consultations with the Ibersol Group Operational Managements. Working structure of the Ibersol Group The Ibersol Group conducts a results-oriented management, based on monitorisation goals and indicators based on action plans and pro- grammes that seek continual improvement to increase efficiency of the main processes and operations, within a framework of cost economy, minimisation of waste and increased productivity, profitability, and sat- isfaction of all relevant parties. GROUP PRACTICES 61