IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 V.2 Remuneration V.2.1. The company should create a remuneration committee, the composition of which should en- sure its independence from the management, which may be the remuneration committee ap- pointed under the terms of article 399 of the Commercial Companies Code. Adopted 66 to 68 V.2.2. The remuneration should be set by the re- muneration committee or the general meeting, on a proposal from that committee. Adopted 69 to 76 V.2.3. For each term of office, the remuneration committee or the general meeting, on a proposal from that committee, should also approve the maximum amount of all compensations payable to any member of a board or committee of the company due to the respective termination of office. The said situation as well as the amounts should be disclosed in the corporate governance report or in the remuneration report. Not applicable 76, 83, 84 and Annex I below (Declaration of the Remuneration Committee) V.2.4. In order to provide information or clarifi- cations to shareholders, the chair or, in case of his/her impediment, another member of the re- muneration committee should be present at the annual general meeting, as well as at any other, whenever the respective agenda includes a mat- ter linked with the remuneration of the members of the company’s boards and committees or, if such presence has been requested by the share- holders. Adopted 69 V.2.5. Within the company’s budgetary limita- tions, the remuneration committee should be able to decide, freely, on the hiring, by the com- pany, of necessary or convenient consulting ser- vices to carry out the committee’s duties. Adopted 67 347