IBERSOL | Integrated Management Report - 2024

CORPORATE GOVERNANCE REPORT issued from among those provided for in the articles of association or others permitted by law, under the terms of article of the Commercial Companies Code. The rules applicable to other amendments to the Company’s Articles of Association are set out namely in Articles 85.º, 383.º, n.º 2, and 386.º, n.º 3 and 4 of the Commercial Companies Code (CSC) and are subject to resolution by the General Shareholders’ Meeting. 17. Composition of the Board of Directors. The Board of Directors is currently composed of five members, the executive members being the Chairman and the Vice-Chairman. The Board of Directors shall choose its own chairman if this one has not been appointed by the General Meeting at the time of the election. The Board of Directors may specifically appoint one or more directors to handle certain matters. On 31 December 2024 the Board of Directors was composed by the following members: 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 All members were elected at the General Meeting held on June 18, 2021 for the four-year period of the 2021-2024 corporate year, and it should also be noted that the requirement for a gender-balanced composition of the governing bodies, in accordance with the quota system, has been verified as being directly applicable - the company having observed these gender quotas at the time of this new electoral act of 18 June 2021 under the terms of Law no. 62/2017 of 1 August. The date of the first appointment to exercise the respective mandate took place in 1991 (Dr. António Alberto Guerra Leal Teixeira), in 1990 (Dr. António Carlos Vaz Pinto de Sousa), in 2021 (Eng. Maria Deolinda Fidalgo do Couto), in 1999 (Prof. Dr. Juan Carlos Vazquez-Dodero de Bonifaz) and in 2021 (Dr. Maria do Carmo Guedes Antunes de Oliveira); The statutory term of office is four years, as set out in article 27 of the Company’s Articles of Association. The Board of Directors may also delegate the current management of the Company in one or more directors or an executive committee, under the 250