IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 his judgment. These independence requirements are complete fulfilled by the non-executive member of Board of Directors, Prof. Juan Carlos Vazquez-Dodero de Bonifaz, and so this is an independent member. The above mentioned non-executive director, as a non-executive direc- tor of the Board of Directors of companies included in or linked to the Ibersol Group, does not collaborate or interferes with the current man- agement of those companies, neither provides any other type of ser- vices to any of these companies and has no other type of commercial relationship (material or non-material), whether of service provision or another nature, and is not a beneficiary of any kind of remuneration be- yond that received annually as a non-executive director of Ibersol, SGPS, SA - reasons why this director can be considered to be independent, noting that this non-executive member has been exercising the respec- tive position continuously since 1999 as a result of a successive elec- tion held at subsequent general elections - without this circumstance determining a factor of non independence of the same, being rather a presupposed merely resulting from the course of time and not from the effective material conditions of his exercises of the respective corporate position - not being observed that such temporal conditioning has been susceptible of affecting or conditioning, in any aspect, his necessary im- partiality of analysis and decision, during the course of the respective mandates and until the present date. As for the non-executive Director Dr. Maria do Carmo Guedes Antunes de Oliveira, she fulfills all the necessary independence requirements in the exercise of her respective position in this same corporate Board of Directors. As for the non-executive Director, Engª Maria Deolinda Fidalgo do Couto, she holds this position having the respective employment contract with Ibersol SGPS, SA. as Director of Management Control and Finance of the Group started on 10/23/1990 - suspended since the date of her ap- pointment at the General Meeting of June 18, 2021 as a non-executive member of the Board of Directors of Ibersol SGPS, SA., so she does not fulfill the independence criteria in this scope. It should be noted that these non-executive directors perform their functions in the context of a mutual and integrated functional coordina- tion established between them, which has promoted, in all aspects, an effective and efficient response by them to the demands of their respec- tive corporate mandates. 289