IBERSOL • 2023 Integrated Management Report

CORPORATE GOVERNANCE REPORT consistent with the objectives set by the management body, should taking cognisance of all relevant information, adopting a position on the work plans and resources allocated to internal control functions, including risk management functions, proposing any operational adjustments inherent to this management that it deems necessary; - Verify the accuracy of the accounting documents, accompanying the process of preparation and disclosure of financial information, and presenting recommendations in order to ensure its integrity, as well as, within the scope of its more general supervisory powers, of the non- financial information; - Supervise the accounts review; - Receive notifications of irregularities presented by shareholders, Group employees or others; - Toprepareanannual report on its audit actionaddressedat shareholders, including the description of the supervisory activity carried out, any detected constraints and provide an opinion on the report and accounts, as well as on the proposals presented by the management; It is also responsible for propose to the General Meeting the appointment of the statutory auditor and supervise its independence, particularly as regards the provision of additional services, observing the verification procedures designed to ensure compliance with the independence requirements applicable to the statutory auditor, being able, if it so decide, as there is just cause for the purpose, to propose its dismissal or the termination of the service provision contract; The annual report on the activity carried out by the Audit Board is published, together with the financial statements, on the Company’s website. To all effects, the Audit Board represents the company in relation to the external auditor, ensuring that all the conditions of service provision are ensured, annually assessing the auditor’s performance, acting as the auditor’s main contact and receiving its reports, jointly with the Board of Directors. In order to carry out its functions, the Audit Board obtains from the Board of Directors, in advance, on a regular and timely basis, namely under the provisions of article 3, no. 4, of the Regulation of the Board of Directors and article 4, no. 7 and 8, of the Regulation of the Executive 312