IBERSOL | Integrated Management Report | 2025

CORPORATE GOVERNANCE REPORT Supervisory Board Chairman – Hermínio António Paulos Afonso Member – Carlos Alberto Alves Lourenço Member – Maria José Martins Lourenço da Fonseca Substitute – Alice da Assunção Castanho Amado Statutory Auditor - KPMG & Associados, Sociedade de Revisores Oficiais de Contas S.A. Substitute – Rui Filipe Dias Lopes (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 administration acts related with the corporate ob- ject, determining the Company’s strategic guidelines, and appointing and overseeing the work of the Executive Committee, no specialized committees having been formed by the Board. The Executive Committee coordi- nates the operations of the 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 activity in accordance with law and Com- pany’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 described 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 and are inherent to its specific activity, as well as it also proves to be adequate to ensure the necessary efficiency in the exercise of the functions assigned to each of these members, being that the non-executive members of 246