IBERSOL | Integrated Management Report 2022

CORPORATE GOVERNANCE REPORT trol actions to ensure that the risks effectively incurred by the company are consistent with the objectives set by the management body, should taking cognisance of all relevant information, adopting a position on the work plans and resources allocated to internal control functions, in- cluding risk management functions, proposing any operational adjust- ments inherent to this management that it deems necessary; - Verify the accuracy of the accounting documents, accompanying the process of preparation and disclosure of financial information, and pre- senting recommendations to ensure the integrity of the same; - Supervise the audit of accounts; - Receive notifications of irregularities presented by shareholders, Group employees or others; - To prepare annually a report on its audit action directed at sharehold- ers, including the description of the inspection activity carried out, any detected constraints and to give an opinion on the report and accounts, as well as on the proposals presented by the management; It is also responsible for making proposals to the General Meeting for the appointment of the statutory auditor and examining the auditor’s in- dependence, particularly as regards the provision of additional services, observing the verification procedures designed to ensure compliance with the independence requirements applicable to the statutory auditor; The annual report on the work of the Audit Committee is published, to- gether with the financial statements, on the Company’s website. To all effects, the Statutory Audit Committee represents the company in relation to the external auditor, ensuring that all the conditions of ser- vice provision are ensured, annually assessing the auditor’s performance, acting as the auditor’s main contact and receiving its reports, jointly with the Board of Directors. In order to carry out its functions, the Supervisory Board obtains from the Board of Directors, in advance, on a regular and timely basis, all the necessary information for the assessment and pronouncement on the strategic guidelines and risk policy, acting in a timely manner in rela- tion to the Board of Directors’ final decisions on these matters, gather- ing information on the Group’s operational and financial performance, changes in the composition of the companies and businesses portfolio, and the content of the main decisions taken. 308