IBERSOL Sustainability Report 2017

ORGANISATIONAL PROFILE Ibersol – SGPS, S.A., is a publicly traded company with a share capital of EUR 30,000,000, with registered offices at Edifício Península, Praça do BomSucesso, no. 105 to 159 – 9th floor, 4150-146 Porto. It is registered at the Porto Companies Registration Office under unique corporate registration and taxpayer number 501669477. The company is governed by the following Governing Bodies: • Shareholders’ General Meeting; • Board of Directors, comprising three directors, two of which hold a seat on the Executive Committee; • Audit Committee; • Statutory Auditor. The Shareholders’ General Meeting convenes annually to discuss the financial statements of the year and the performance of management and audit bodies. The company’s business strategy and goals are defined by the Executive Commit- tee, in collaboration with the Central Departments and the departments of each business as well as those of Shared Services. Results are assessed every quarter. Similarly, major decisions are takenmonthly by the ExecutiveCommittee, together with the Ibersol Group’s Operating Departments. Functional Structure of the Ibersol Group Ibersol’smanagement is results-oriented, bymonitoring indicators and objectives, and is based on action programmes and plans aimed at continuous improvement to increase the efficiency and effectiveness of key processes and operations, in order to keep costs down, minimise waste and increase productivity, return and satisfaction. GOVERNANCE AND OPERATIONAL STRUCTURE 16