IBERSOL | Integrated Management Report | 2025

CORPORATE GOVERNANCE REPORT For specific business aspects there are risk areas whose management has been assigned to functional departments, being conducted by the Executive Committee the internal control and monitoring of the internal control systems. 51. Disclosure of the relationship to other committees of the Society in hierarchical dependence and/ or functional relation. The Group does not have autonomous services of Audit and Compliance. The Supervisory Board evaluates the functioning of the internal control and risk management systems, supervising its business plan, receiving periodic information on its work, evaluating the conclusions and issuing the guidelines it deems necessary for decision-making in this context by the Board of Directors. For this purpose, the Supervisory Board gathers all the necessary information to enable it to issue an effective assessment about these matters, gathering the necessary prerequisites to issue a timely pronunciation near by the Board of Directors regarding the final decisions to be made by the Board of Directors within the same scope. The External Auditor verifies the effectiveness and functioning of internal control mechanisms in accordance with a work plan in line with the Supervisory Board, to whom also reports its conclusions. 52. Existence of other functional areas regarding competences in risk control. It is the responsibility of the Board of Directors to approve the risk management policy and the internal control system, while the Supervisory Board becomes aware of and, within its powers, evaluates and issues an opinion on the risk policy as prepared by the Board of Directors, prior to its approval by that body. For this purpose, the Board of Directors provides the Supervisory Board with all information and clarifications under the terms laid down by law or as requested by the latter in the exercise of its powers, and also makes available to it, sufficiently in advance, all documents relating to the Company’s financial reporting, convening, whenever it deems appropriate, the members of the Supervisory Board to attend meetings of the Board of Directors. There are Central Functions - Quality, Human Resources, Marketing, Planning and Management Control and 282