IBERSOL | Integrated Management Report | 2025

The Remuneration Committee considers that the remuneration of Directors with executive duties is adequate and, through the setting of appropriate targets, allows their interests to be aligned with the Company’s long term interests, this alignment being reinforced by the fact that the two directors are, together, the Company’s majority shareholders. For this reason, the Remuneration Committee considers that there is no need for the application of variable remuneration or its deferral. The principle is also maintained that the remuneration of non executive directors, members of the Board of the General Shareholders’ Meeting and of the Supervisory Board, as well as of the Statutory Auditor, is exclusively fixed and does not include any component indexed to the Company’s performance. If specialised committees exist, the amount paid to the directors who are members of them and who do not perform executive functions in the company may differ from that paid to the other directors, and in such cases the Remuneration Committee may grant attendance fees or additional fixed remuneration, bearing in mind that the duties performed require greater availability. The remuneration of the Statutory Auditor shall correspond to the amounts provided for in the statutory audit service agreements entered into annually. Such remuneration should be in line with market practice and results from the proposal presented to the company when various entities were consulted under the supervision of the Supervisory Board for the appointment of the Statutory Auditor on 14 May 2018, where the amounts pay- able were considered. Under this Policy, it is further emphasized that there are no plans to establish or apply share or share option attribution plans, award remuneration in the form of direct profit sharing, establish supplementary pension or early retirement schemes, or enter into contracts or agreements with members of the corporate bodies that contain special clauses related to the performance of duties, namely in respect of notice periods, termination clauses or compensation associated with the termination of duties, with any applicable statutory provisions in this regard being applied to the specific case at hand. CORPORATE GOVERNANCE REPORT 338