IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 VI.6. Based on its risk policy, the company should establish a risk management function, identify- ing (i) the main risks it is subject to in carrying out its activity; (ii) the probability of occurrence of those risks and their respective impact; (iii) the devices and measures to adopt towards their mitigation; and (iv) the monitoring procedures, aiming at their accompaniment. Adopted 24, 38, 50 to 55 VI.7. The company should establish procedures for the supervision, periodic evaluation, and ad- justment of the internal control system, including an annual evaluation of the level of internal com- pliance and the performance of that system, as well as the perspectives for amendments of the risk structure previously defined. Adopted 24, 38, 50 to 55 Chapter VII FINANCIAL INFORMATION VII.1 Financial information Recommendation Degree of Compliance Corporate Governance Report VII.1.1. The supervisory body’s internal regula- tion should impose the obligation to supervise the suitability of the preparation process and the disclosure of financial information by the manag- ing body, including suitable accounting policies, estimates, judgments, relevant disclosure and its consistent application between financial years, in a duly documented and communicated form. Adopted 34 and 38 VII.2 Statutory audit of accounts and supervision VII.2.1. By internal regulations, the supervisory body should define, according to the applicable legal regime, the monitoring procedures aimed at ensuring the independence of the statutory audit. Adopted 34, 37 and 38 351