IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 viii. Entities over which a person (or any close member of his family), who has Control or Joint Control of the Company, has a Significant Influence or is considered Key Management Personnel of that entity (or the parent company of that entity); ix. Entity, or any member of the Group of which it is a part, that provides Key Management Personnel services to the Company or its holding company. C. Glossary a) Associate : means an entity, including entities without legal personality such as partnerships, over which the person in question has significant influence, and which is neither a Subsidiary nor a joint venture; b) Intimate Family Membe r: in relation to an individual, it refers to family members who are expected to influence, or be influenced by, that individual in their dealings with the Society, which may include: i. The spouse or person with a similar affective relationship and the individual’s children; ii. Childrenof the spouseor similar personwithanaffectionate relationship; and iii. Dependents of the individual, spouse, or person with a similar affective relationship. c) Control : has the meaning determined by IFRS 10 - in general terms, one entity controls another when it has power over that entity that gives it the ability to manage the activities to which it is exposed, or when it has rights in relation to variable results through its relationship with that entity and has the capacity to affect those results through the power it exercises over the investee. d) Joint Control : is the sharing of control, contractually agreed, of an economic activity that exists only when strategic decisions related to the activity require the unanimous consent of the parties that share control; e) Significant Influence : it is the power to participate in the decisions of the financial and operational policies of a specific entity, but which does not confer control over those policies. Significant influence can be obtained through ownership of shares, by-laws, or agreement. 377