IBERSOL • 2023 Integrated Management Report

CORPORATE GOVERNANCE REPORT Recommendation / Content Degree of compliance Governance Report III.5. The company also implements adequate means for the exercise of voting rights without being present in person, including by correspondence and electronically. partially adopted 12 v.d. explanation below at the end of this table III.6. The Articles of Association of the company that provide for the restriction of the number of votes that may be held or exercised by one single shareholder, either individually or jointly with other shareholders, shall also foresee that, at least every five years, the general meeting shall resolve on the amendment or maintenance of such statutory provision - without quorum re- quirements greater than that provided for by law - and that in said resolution, all votes issued are to be counted, without applying said restriction. not applicable 12 to 14. III.7. The company does not adopt any measures that require payments or the assumption of costs by the company in the event of change of control or change in the composition of the management body and which are likely to damage the eco- nomic interest in the transfer of shares and the free assessment by shareholders of the perfor- mance of the Directors. not adopted 4 v.d. explanation below at the end of this table IV.1.1.(1) The management body ensures that the com- pany acts in accordance with its object and does not delegate powers, notably with regard to: i) definition of the corporate strategy and main policies of the company; adopted 17, 21, 27 and 29 IV.1.1.(2) ii) organisation and coordination of the corpo- rate structure; adopted 17, 21, 27 and 29 IV.1.1.(3) iii) matters that shall be considered strategic due to the amounts, risk and particular characteris- tics involved. adopted 17, 21, 27 and 29 354