IBERSOL • 2023 Integrated Management Report

CORPORATE GOVERNANCE REPORT Recommendation / Content Degree of compliance Governance Report IV.2.5. The provisions of paragraph (i) of the previous Recommendation do not prevent the qualifi- cation of a new Director as independent if, be- tween the end of his/her functions in any corpo- rate body and his/her new appointment, at least three years have elapsed (cooling-off period). not applicable 17 and 18 V.1.(1) With due regard for the competences conferred to it by law, the supervisory body takes cogni- sance of the strategic guidelines, prior to its final approval by the administration body. adopted 24, 38 and 51 V.1.(2) With due regard for the competences conferred to it by law, the supervisory body evaluates and renders an opinion on the risk policy, prior to its final approval by the administration body. adopted 24, 38 and 51 V.2.(1) The number of members of the supervisory body shall be adequate in relation to the size of the company and the complexity of the risks in- herent to its activity, but sufficient to ensure the efficiency of the tasks entrusted to them, and this adequacy judgement shall be included in the corporate governance report. adopted 15, 30, 31 to 33 V.2.(2) Idem for the number of members of the financial matters committee. not applicable 15, 30, 31 to 33 VI.1.1.(1) The management body - or committee with rele- vant powers, composed of a majority of non-ex- ecutive members - evaluates its performance on an annual basis, taking into account the compli- ance with the strategic plan of the company and of the budget, the risk management, its internal functioning and the contribution of each mem- ber to that end, and the relationship between the bodies and committees of the company. adopted 24 and 25 356