IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 structured and comprehensive definition of its sustainability policies, actions, and objectives. This Sustainability information is included in the Company’s Integrated Management Report, under Chapter 5: Non- Financial Statement. III. SUPERVISION a) Composition 30. Identification of the Supervisory Board. Under the adopted model, the Company is audited by the Supervisory Board and by the Statutory Auditor or by Statutory Audit firm, who are both elected by the General Meeting of Shareholders. The Statutory Auditor or the Statutory Audit firm are not members of the Supervisory Board. 31. Composition 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; The Supervisory Board is made up of at least three effective members, who are elected by the General Meeting and must meet at least, quarterly. The Supervisory Board has three active members and so it must have one or two substitutes, and when it has more than three active members, it must be two substitutes. The Statutory Auditor or Statutory Audit Firm are elected by the General Meeting at the proposal of the Supervisory Board. The term of mandate of the Supervisory Board members is four years (art. 27 of the Articles of Association). The current Chairman has initiated duties in 2021. The current Member, Carlos Alberto Alves Lourenço, initiated his duties as Chairman in 2017. The current Member, Maria José Martins Lourenço da Fonseca, initiated his duties as Vice-Chairman in 2017, and the Substitute Member, Joaquim Jorge Amorim Machado, initiated his duties in 2021. 267