IBERSOL | Integrated Management Report 2022

CORPORATE GOVERNANCE REPORT Explanation for not adopted or partially adopted Recommendations Recommendation II.3 – In the absence of express requests from shareholders up to the present date regarding the form of participation in the General Meeting by telematic or remote means, and despite this modality isn’t specifically provided in company’s bylaws, the possibility of recommendation to its use isn´t in there limited if force majeure reasons justifies it, all without prejudice of such modality may be considered expressly in a future statutory revision. Recommendation II.4 - In the absence of express requests from shareholders up to the present date regarding the method of exercising the right to vote electronically, and despite this method is not yet in concrete foreseen in the company’s bylaws, the possibility of recommendation to its use isn´t in there limited or impeded if force majeure reasons, by example, justifies it, without prejudice of such modality may be considered expressly in a future statutory review. Given that in previous General Meetings of Shareholders held in 2020, 2021 and 2022, the Company has already made available to its shareholders a reiterated practice, duly justified and secure, of being able to exercise VII.2.2. The supervisory body should be the main interlocutor of the statutory auditor in the com- pany and the first recipient of the respective reports, having the powers, namely, to propose the respective remuneration and to ensure that adequate conditions for the provision of services are ensured within the company. Adopted 34, 37, 38 and Annex I below (Declaration of the Remuneration Committee) VII.2.3. The supervisory body should annually as- sess the services provided by the statutory au- ditor, their independence and their suitability in carrying out their functions, and propose their dismissal or the termination of their service con- tract by the competent body when this is justi- fied for due cause. Adopted 37 and 38 352