IBERSOL • 2023 Integrated Management Report

INTEGRATED MANAGEMENT REPORT 2023 36. Availability of each member with description of positions held in other companies inside and outside the group and other relevant activities carried out. All the members of the Audit Board consistently demonstrated their availability to perform their functions, having attended all the meetings and taken part in the work. At point 33 above as well as at Annex 3 to this Report, we refer the information on other positions held in other companies by the effective members of the Audit Board. c) Competences and functions 37. Description of the procedures and criteria for intervention by the Fiscal Board for the purpose of hiring additional services to the Statutory Auditor. The Audit Board annually assesses the work of the external auditor and states its conclusions in its Report and Opinion, issued in terms and for the purposes of art. 420.1. g) of the Commercial Companies Code. The Audit Board analyses and approves the scope of any additional services provided, considering whether they call into question the independence of the external auditor. The Audit Board also ensures that any consulting services provided have the necessary level of quality, autonomy and independence regarding to the services provided within the scope of the audit process. 38. Other functions. The Audit Board, in coordinationwith the Statutory Auditor, is responsible for the auditing of the Company, namely: - Supervise the management of the Company, namely by regularly assessing compliance with the company’s strategic plan and the budget; - Verify that the accounting policies and valuation criteria adopted by the Company lead to a correct valuation of assets and results; - Continuously monitor the effectiveness of the risk management system and the internal control system, carrying out periodic and regular control actions, indexed to the needs of the corporate activity, in order to ensure that the risks effectively incurred by the company are 311