IBERSOL • 2023 Integrated Management Report

INTEGRATED MANAGEMENT REPORT 2023 14. Resolutions which only may be taken by qualified majority. Under the Articles of Association, Shareholder resolutions are not subject to qualified majorities, other than those resulting from applicable law. Therefore, unless otherwise required by law, resolutions at the General Meeting shall be approved by a simple majority (art. 21.2 of the Articles of Association); II. MANAGEMENT AND SUPERVISION a) Composition Board of Directors Chairman – Dr. António Alberto Guerra Leal Teixeira Vice-Chairman – Dr. António Carlos Vaz Pinto de Sousa Member – Eng.ª Maria Deolinda Fidalgo do Couto Member – Professor Doutor Juan Carlos Vazquez-Dodero de Bonifaz Member – Dr.ª Maria do Carmo Guedes Antunes de Oliveira Audit Board Chairman – Dr. Hermínio António Paulos Afonso Member – Dr. Carlos Alberto Alves Lourenço Member – Dr.ª Maria José Martins Lourenço da Fonseca Substitute – Dr. Joaquim Jorge Amorim Machado Statutory Auditor - KPMG & Associados, Sociedade de Revisores Oficiais de Contas S.A. Substitute – Vítor Manuel da Cunha Ribeirinho (ROC) 15. Identification of model of governance adopted. The Company adopts a classic monist governance model - composed by Board of Directors and Audit Board, with the respective Statutory Auditor having been appointed at the General Meeting of Shareholders. The Board of Directors is responsible for performing all the administration acts related with the corporate object, determining the Company’s strategic guidelines, and appointing and overseeing the work of the Executive Committee, no specialized committees having been formed by the Board. The Executive Committee coordinates the operations of the functional units and the Company’s various businesses, meeting with the senior managers of these units and businesses on regular basis. 287