IBERSOL | Integrated Management Report | 2025

INTEGRATED MANAGEMENT REPORT 2025 The executive directors’ respective qualifications, competences and professional experience, consolidated over many years in the exercise of their positions, objectively guarantee a high level of performance in their respective positions, which is in no way affected by the exercise of other management positions in companies outside the group, either as executive or non-executive directors - which is proven by the con- tinuous good application by these directors of management methodologies that ensure and guarantee the efficient promotion of the company’s objectives, leading to its sustainable development. In addition, under the terms of the same Executive Committee Regulations, the respective members of the Executive Com- mittee must immediately inform the Board of Directors of any circumstance that may constitute or give rise to a conflict between their interests and the interests of the Company, as well as refrain from interfering in a decision-making process relating to a matter in which there is a conflict of interest, without prejudice to the duty to provide all information requested by the Board of Directors. Likewise, pursuant to the Rules of Procedure of the Board of Directors, approved on 10 October 2024, members of the Board of Directors must immediately inform the Board of Directors (through its Chair, where the conflict does not concern the Chair personally) of any circumstance that may give rise to, or constitute, a conflict between their interests and those of the Company. They must also refrain from intervening in any decision-making process relating to matters in which a conflict of interest arises, without prejudice to the duty to provide all information request- ed by the Board of Directors. Furthermore, it is the responsibility of the Board of Directors (through its Chair or, should the Chair be the person affected by the conflict, through the Vice-Chair or, in the event of further impediment, through any of the other members of the Board) to ensure that the conflicted member does not interfere in the decision-making process to which the conflict relates. 28. Executive Committee. António Carlos Vaz Pinto de Sousa, President; António Alberto Guerra Leal Teixeira, Vice-president. 265