IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 or by shareholders who, with that shareholder, are in any of the relation- ships described in the aforementioned rule. 14. Resolutions which only may be taken by qualified majority. Under the Articles of Association, Shareholder resolutions are not sub- ject to qualified majorities, other than those resulting from applicable law. Therefore, unless otherwise required by law, resolutions at the Gen- eral Meeting shall be approved by a simple majority (Article 21(2) of the Articles of Association); II. MANAGEMENT AND SUPERVISION a) Composition Board of Directors Chairman – Dr. António Alberto Guerra Leal Teixeira Vice-Chairman – Dr. António Carlos Vaz Pinto de Sousa Member – Eng.ª Maria Deolinda Fidalgo do Couto Member – Professor Doutor Juan Carlos Vazquez-Dodero de Bonifaz Member – Dr.ª Maria do Carmo Guedes Antunes de Oliveira Supervisory Board Chairman – Dr. Hermínio António Paulos Afonso Member – Dr. Carlos Alberto Alves Lourenço Member – Dr.ª Maria José Martins Lourenço da Fonseca Substitute – Dr. Joaquim Jorge Amorim Machado Statutory Auditor - KPMG & Associados – Sociedade de Revisores Oficiais de Contas SA. Substitute – Vítor Manuel da Cunha Ribeirinho (ROC) 15. Identification of model of governance adopted. The Company adopts a classic monist governance model - composed by Board of Directors and Supervisory Board, with the respective Statutory Auditor having been appointed at the General Meeting of Shareholders. The Board of Directors is responsible for performing all the administra- tion acts related with the corporate object, determining the Company’s strategic guidelines, and appointing and overseeing the work of the Ex- ecutive Committee, no specialized committees having been formed by the Board. The Executive Committee coordinates the operations of the 247