IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 20. Significant relationships between members of Board of Directors and qualified shareholders. The Directors António Alberto Guerra Leal Teixeira and António Carlos Vaz Pinto de Sousa hold, respectively through the Companies Dunbar - Serviços deGestão, SA. (inwhich the former holds a 51% stake) andCalum- Serviços de Gestão, SA. (in which the latter has a 99.96% participation), control of ATPS SGPS, SA., a company to which a 56.53% participation in the share capital of Ibersol SGPS, SA is attributed, participation which is also imputed to them individually. 21. Division of powers between the different boards, committees and/or departments within the company, including information on delegating responsibilities, particularly with regard to the delegation of powers, in particular with regard to the delegation of daily management of the Company. Two of the members of the Board of Directors perform executive func- tions and form an Executive Committee, which was elected and whose powers of day-to-day management were delegated by the board of di- rectors under terms of art. 8.4 of the By-laws of the Company and article 407.3 of the Companies Code (CSC) and the others directors perform non-executive functions without delegation of management powers. In compliance with the strategic objectives, organisation and coordina- tion of the corporate structure and the company’s main policies, namely with the due analysis and definition of the limits in terms of risk-taking, objectives that the Board of Directors analyses and ensures - the Ex- ecutive Committee executes an operational coordination of the func- tional departments and the different company businesses, meeting with the respective managers on a regular and periodic basis. The decisions taken by the Functional and Business Directors must respect the overall guidelines that emanate from the delegation of powers conferred by the Executive Committee and are coordinated in the periodic meetings. The executive committee coordinates the operations of the function- al units and the various corporate businesses, meeting with the senior managers of these units and businesses on periodic and regular basis. The decisions taken by the Functional and Business Managers must re- spect the overall guidelines that emanate from the delegation of com- petences conferred by the Executive Committee and are coordinated in periodic meetings. 297