IBERSOL | Integrated Management Report 2022

CORPORATE GOVERNANCE REPORT The powers delegated to the Executive Committee are as follows: a) Exercise powers of decision, management and monitoring of the Company’s activity at a strategic level, within the legal limits of art. 407.4 of the CSC. b) develop, plan and program the lines of action of the management body, both internally and externally of the company exercise, fully pursuing the corporate objectives related to the purposes of the Company, with the special objective of assisting the Board of Directors in the adequate verification of the instruments for supervising the economic and financial situation and in the exercise of the control function of the companies integrated in the Ibersol Group c) assisting the Board of Directors in the updating of its structures of advice and functional support; in the procedures of the companies belonging to the Ibersol Group, in line with the changing needs of the business, defining the profiles and characteristics of their strategic partners, customers, workers, employees and other agents; as well as in the development of the behavior pattern in the company’s relations with the outside, being able, in particular, to proceed with the acquisition, disposal and encumbrance of movable assets, establishing or ceasing cooperation with other companies. The organization chart and distribution of tasks is as follows: 298