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CORPORATE GOVERNANCE REPORT
PART II
GOVERNANCE MODEL EVALUATION
1. Identification of adopted Corporate
Governance Code
This Corporate Governance Report was prepared in ac-
cordance with CMVM Regulation 4/2013 of 1 August and
the CMVM’s Corporate Governance Code. In accordance
with article 4. 2 of CMVM Regulation 4/2013, the necessary
and indispensable information is dislosed as required by
these regulations, both in substance and in form.
The report complies with article 245-A of the Securities
Code and, in accordance with the comply or explain
principle, indicates the degree of compliance with the
CNMV’s recommendations as stated in the 2013 Corpo-
rate Governance Code.
The reporting obligations under Law 28/2009 of 19 June,
articles 447 and 448 of the Companies Code and CMVM
Regulation 5/2008 of 2 October 2008 are also met.
All the legal and regulatory texts mentioned in this re-
port are available at
2. Analysis of compliance with the adopted
Corporate Governance Code
Overall, Ibersol, SGPS, SA complies with the CMVM’s cor-
porate governance recommendations, as follows:
RECOMMENDATIONS
(July 18th 2013 Corporate Governance law in
)
Details of the
adoption of the
recommendation
I. VOTING AND CONTROL OF THE COMPANY
I.1.
Companies shall encourage sharehoders to
attend and vote at general meetings and shall not set
an essecively large number of shares required for the
entitlement of one vote, and implement the means
necessary to exercise the right to vote by mail and
electronically.
Adopted
Part I
Numbers 11.12.
of Annex I
I.2.
Companies shall not adopt mechanisms that
hinder the passing of resolutions by shareholders,
including fixing a quorum for resolutions greater
than that provided for by law.
Adopted
Parte I
Numbers 13.14.
of Annex I
