IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 2.3. Transactions carried out between a member of the Board of Directors (including members of the Executive Committee) and the Company or companies that are in a controlling or group relationship with the Company (“ Transactions with Directors ”) shall be considered as Relationships with Related Parties or Affiliate Transactions, as the case may be. 3. GENERAL PRINCIPLES 3.1. Corporate interest, balance, and equity A) Each member of the Board of Directors must ensure that Related Party Transactions comply with the following requirements: a) They are carried out considering the best interests of the Company in the scope of its current activity, and b) They are carried out under normal market conditions, that is, fulfilling an objective consideration that the parties involved in the transaction act there as independent entities, carrying out transactions comparable and consistent with market conditions in order to ensure the protection of the interests of shareholders. B) The member of the Board of Directors or of the Executive Committee who is in a situation of conflict of interests must not interfere by any means in the decision-making process regarding any Transaction with Related Party, without prejudice to the duty to provide all information that the members of this body request it. 3.2. Transparency Each one of the members of the Board of Directors must, when applicable under the terms of this Procedure: a) Promote that Transactions with Related Parties and, when reasonable and insofar as they may exert influence, the Transactions of Affiliates, are duly documented and, when applicable, disclosed under the terms estab- lished in this Procedure; b) Keep the Board of Directors informed of any Transactions with Related Parties or Transactions of Affiliates that they are aware of. 3.3. Atividade Corrente The Board of Directors or the Executive Committee, should promote that Related Party Transactions and Affiliate Transactions comply with the fol- lowing conditions: 369