IBERSOL | Integrated Management Report 2022

CORPORATE GOVERNANCE REPORT IV.2. The managing body should ensure that the company acts consistently with its objects and does not delegate powers, namely, in what re- gards: i)the definition of the strategy and main policies of the company; ii)the organisation and coordination of the business structure; iii)mat- ters that should be considered strategic in virtue of the amounts involved, the risk, or special char- acteristics. Adopted 21, 24, 27 and 29 IV.3. In the annual report, the managing body ex- plains in what terms the strategy and the main policies defined seek to ensure the long-term success of the company and which are the main contributions resulting therein for the commu- nity at large. Adopted 24, 29, 50 to 53, 54 and 55 Chapter V EVALUATION OF PERFORMANCE, REMUNERATION AND APPOINTMENT V.1. Annual evaluation of performance Recommendation Degree of Compliance Corporate Governance Report V.1.1. The managing body should annually evaluate its performance as well as the performance of its committees and executive directors, taking into account the accomplishment of the company’s strategic plans and budget plans, the risk man- agement, the internal functioning and the con- tribution of each member of the body to these objectives, as well as the relationship with the company’s other bodies and committees. Adopted and not applicable in the part concerning internal committees 24 and 25 346