IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 b) The Executive Committee is also responsible for assisting the Board of Directors in the updating of its structures of advice and functional support; in overseeing 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; and in the conduct of the Group’s relationships with its environment, acquiring, disposing and encumbering movable property and establishing or terminating cooperation agreements with other companies. The Executive Committee meets monthly and whenever called by the Chairman. Apart from the regular contacts established between the members of the Executive Committee in the periods between meetings, a total of 12 meetings were held during 2022, whose matters are set out in the respective minutes drawn up within this framework. The members of the Executive Committee provide the information requested by other members of the corporate governing bodies in a timely manner. III. SUPERVISION a) Composition 30. Identification of the Fiscal Board. Under the adopted model, the Company is audited by the Statutory Audit Committee (Fiscal Board) and by the Statutory Auditor or by Statutory Audit firm, who are both elected by the General Meeting of Shareholders. The Statutory Auditor or the Statutory Audit firm are not members of the Statutory Audit Committee (Fiscal Board). 31. Composition. Audit Committee Chairman – Dr. Hermínio António Paulos Afonso Member – Dr. Carlos Alberto Alves Lourenço Member – Dr.ª Maria José Martins Lourenço da Fonseca Substitute – Dr. Joaquim Jorge Amorim Machado 303