IBERSOL • 2023 Integrated Management Report

CORPORATE GOVERNANCE REPORT The total remuneration (fixed and variable) must ensure a competitive amount in terms of the market and serve as an incentive for individual and collective performance, through the definition of ambitious goals with a view to guaranteeing growth and adequate levels of return for shareholders. These principles are duly taken into consideration in the assumptions made in the aforementioned contract signed between ATPS - Sociedade Gestora de Participações Sociais, SA. and Ibersol - Restauração, SA. The Committee understands that the remuneration policy adopted is in line with the practices of similar companies. Given the market pressures in the search for talent and skills at an executive level, the Remuneration Commit- tee will periodically analyze competitiveness based on comparative studies carried out by independent entities of recognized competence. The Remuneration Committee considers that the remuneration of Direc- tors with executive functions is adequate and allows, through the defini- tion of adequate goals, their alignment with the interests of the Company in the long term. Alignment with the Company’s long-term interests will be reinforced by the circumstances of two directors jointly being majority shareholders of the Company. For this reason, the Remuneration Commit- tee believes that there is no deferral of the variable remuneration. If there are specialized committees, the amount paid to the directors who are part of them and who do not exercise executive functions in the com- pany may differ from the others, and the Remuneration Committee may in these cases assign attendance vouchers, bearing in mind that the functions performed imply a greater demand in terms of availability. Fixed remunera- tions may also be awarded to non-executive directors who are in charge of specific tasks. The Chairman, Vice-Chairman and Secretary of the General Meeting Board and the Chairman and members of the Supervisory Board will continue to be assigned a fixed annual amount distributed over the different months. The remuneration of the Statutory Auditor will correspond to the amounts contained in the contract for the provision of auditing services. The respec- tive remuneration must be in line with what is practiced in the market and 376