IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 cal procedures for verification aimed at ensuring the strict compliance with the independence requirements imposed on the Statutory Auditor, which are deemed appropriate and effective for the proper fulfilment of the aforementioned supervisory competences. Namely, it conducts an annual assessment of the performance of the Statutory Auditor, from whom it obtains the necessary information for this purpose, and includes its conclusions in its Report and Opinion, is- sued pursuant to and for the purposes of point (g) of paragraph 1 of Article 420 of the Companies Code. The Audit Committee reviews and approves the scope of any additional services, assessing in each specific case whether such services may compromise the independence of the External Auditor, and ensures that any advisory services are provided with quality, autonomy, and independence from those performed in the context of the audit process. The annual report on the activity carried out by the Supervisory Board is published, together with the financial statements, on the Company’s website. To all effects, the Supervisory Board represents the company in relation to the external auditor, ensuring that all the conditions of service provi- sion are ensured, annually assessing the auditor’s performance, acting as the auditor’s main contact and receiving its reports, jointly with the Board of Directors. In order to carry out its functions, the Supervisory Board obtains from the Board of Directors, in advance, on a regular and timely basis, namely under the provisions of article 3 of the Regulation of the Board of Di- rectors and article 4, no. 7 and 8, of the Regulation of the Executive Committee, all the necessary information for the assessment and pro- nouncement on the strategic guidelines and risk policy, acting in a timely manner in relation to the Board of Directors’ final decisions on these matters, gathering information on the Group’s operational and financial performance, changes in the composition of the companies and busi- nesses portfolio, and the content of the main decisions taken. 273