IBERSOL | Integrated Management Report | 2025

CORPORATE GOVERNANCE REPORT - Continuously monitor the effectiveness of the risk management system and the internal control system, carrying out periodic and regular control actions to assess their adequacy to the needs of the corporate activity, in order to ensure that the risks effectively incurred by the company are consistent with the objec- tives set by the management body. For that propose, the Supervisory Board takes cognisance of all relevant information, adopting a position on the work plans and resources allocated to internal control functions, including risk management functions, proposing any operational adjustments inherent to this management that it deems necessary; Pursuant to its relevant Rules of Procedure, the Supervisory Board evaluates and provides its opinion on the risk policy as prepared by the Board of Directors, prior to the approval of the risk policies by the Board. Additionally, it reviews, on a semi-annual basis, the risk management system and the internal control system, with the aim of ensuring that the risks undertaken by the Company are aligned with the objectives set by the Board of Directors. In this regard, the Supervisory Board may, if it deems appropriate, provide its opinion on the work plans and resources allocated to internal control functions, including risk management functions, proposing any adjustments to the operational framework of such management when deemed necessary, and has access, at all times and in accordance with applicable legal limits, to the information required for this purpose. - Verify the accuracy of the accounting documents, accompanying the process of preparation and disclosure of financial information, and presenting recommendations in order to ensure its integrity, as well as, within the scope of its more general supervisory powers, of the non-financial information; - Supervise the accounts review; - Receive notifications of irregularities presented by shareholders, Group employees or others; - To prepare an annual report on its audit action addressed at shareholders, including the description of the supervisory activity carried out, any detected constraints and provide an opinion on the report and ac- counts, as well as on the proposals presented by the management; 274