IBERSOL | Integrated Management Report - 2024

CORPORATE GOVERNANCE REPORT functional units and the Company’s various businesses, meeting with the senior managers of these units and businesses on regular basis. The Supervisory Board is responsible for overseeing the Company´s activ- ity in accordance with law and Company’s Articles of Association. The diversity and consolidated professional experience of the members of the Board of Directors and the members of the Supervisory Board are de- scribed respectively in the following points 19 and 33, and the structure and composition of the Board of Directors, with 5 members, 2 executive and 3 non-executive, of the Supervisory Board and of the Statutory Auditor is demonstrably appropriate to the size of the Company, being the necessary and sufficient to ensure the minimization of risks to which the company is exposed inherent to its specific activity, as well as it also proves to be ade- quate to ensure the necessary efficiency in the exercise of the functions as- signed to each of these members, being that the non-executive members of the management body exercise all their necessary direct collaboration with the corporate objectives to which they are attached. In 2024, the are no termination of duties by any members of the com- pany’s governing bodies. For each electoral general meeting, the proposals for election of the members of the governing bodies must be accompanied by due grounds regarding the suitability of the profile, knowledge and curriculum to the function to be performed by each candidate, and the company does not have a nominations committee, as this does not deemed to be neces- sary given the structure and organic/functional dimension of the com- pany. The General Meeting of 26 May 2023 approved the Internal Policy for Selecting and Evaluating the Adequacy of the Members of the Com- pany’s Management and Supervisory Bodies, which can be consulted in full alongside the Proposal submitted under item 4 of the agenda of the aforementioned General Meeting, at: https://www.ibersol.pt/investidores/ assembleias-gerais/2023/AGProposals1a8.pdf Pursuant to the aforementioned Policy, candidates for membership of the Company’s management and supervisory bodies shall be selected through transparent selection processes, observing criteria of meritoc- racy and diversity of composition, with a view to objectively assessing the suitability of the candidates, both individually and collectively, in relation to the legal and statutory competencies required for the body they are to join, as well as to maximise the performance capacity of such body. It should be noted that, pursuant to the aforementioned Selection and 248