IBERSOL | Integrated Management Report 2022

CORPORATE GOVERNANCE REPORT The Statutory Audit Committee is made up of at least three effective members, who are elected by the General Meeting and must meet at least quarterly. When the Audit Committee has three active members it must have one or two substitutes, and when it has more than three active members, it must be two substitutes. The Statutory Auditor or Statutory Audit Firm are elected by the General Meeting at the proposal of the Statutory Audit Committee (Fiscal Board). The term of mandate of the Statutory Audit Committee members is four years (art. 27 of the By-laws). The current Chairman took up the respective post in 2021. The current Member, Carlos Alberto Alves Lourenço, began his duties as Chairman in 2017. The current Member, Maria José Martins Lourenço da Fonseca, began his duties as Vice- Chairman in 2017, and the Substitute Member, Joaquim Jorge Amorim Machado, began his duties in 2021; 32. Independence of the Fiscal Board members. All the effective members meet the criteria stated in article 414.5 of the CSC and comply with all the rules of incompatibility mentioned in article 414.-A.1 of the CSC. The members of the Statutory Audit Committee have the duty to immediately report to the Company any event that might give rise to incompatibility or loss of independence. 33. Professional Qualifications. Chairman – Dr. Hermínio António Paulos Afonso Academic qualifications - Bachelor degree in Accounting - ISCAP (1984) - Degree in Gestão financeira – ISCAP (1992) Professional activity in the last five years: 1990 – 2020 Chartered Accountant at Coopers & Lybrand and Pricewa- terhouseCoopers; 1996 - 2020 Partner at Coopers & Lybrand and PricewaterhouseCoop- ers, responsible for auditing and accounting review in various sectors of activity in relevant companies / groups; 2020 to date: carries out the activity of Statutory Auditor, member of 304