IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 6. “Key Management Personnel” means any individuals who have, directly or indirectly, authority or responsibility for the planning, direction and control of the Company’s activities, including any direc- tor (executive or non-executive) of the entity in question. 9. IDENTIFICATIONOF RELATED PARTIES, SUBSIDIARIES OF THE SOCIETY AND KEY MANAGEMENT STAFF 9.1. The Administrative Department of the Company, articulating with the other Financial Departments / Development Department / Legal Labor Relations Department of the Company must keep the following lists (“Lists”) perma- nently updated: a) Key Management Personnel 6 ; b) Subsidiaries of the Company; and c) Parties Related to the Company. 9.2. The Lists must be available for consultation by the Board of Directors, the Executive Committee and the Statutory Audit Committee for the proper fulfill- ment of their duties arising from this Procedure. 10. REPORTING TRANSACTIONS WITH RELATED PARTIES The procedure to be followed by the Board of Directors in relation to transactions with related parties will be resulting from the Internal Policy in relation to Transactions with Related Parties, approved by the Board of Directors, with a prior binding opinion of the Statutory audit Committee - and in compliance with articles 249.º-A to 249º- D of the Securities Code. 11. FINAL FORECASTS 11.1 The Board of Directors approved this Procedure, with a prior favorable and binding opinion from the Statutory Audit Committee. 11.2 Any changes to this Procedure must be approved by the Board of Di- rectors with a prior favorable and binding opinion from the Statutory Audit Committee. 11.3 This Procedure will be disclosed in the Corporate Governance Annual Report and made public through any other legally permissible means. 375