A N N U A L R E P O R T A N D A C C O U N T S - CMVM

Corporate Governance Report - 2008
II.3.3
Recommendation Adoption Remission
The Chairman of the Executive Board of Directors should send the summons and the minutes of respective Not II.1
meetings to Chairman of the General and Supervisory Council and to the Chairman of the Financial Issues applicable
Committee.
II.4.1
The General and Supervisory Council, in addition to fulfilling the allocated supervision competences, should also
carry out the counselling, monitoring and continuous assessment of the company’s management by the
Executive Management Council. The issues on which the General and Supervisory Council should give their
opinion include:
Not
applicable
II.1
i) define the company’s general strategy and policies;
ii) the group’s corporate structure; and
iii) decisions that should be considered strategic due to the amount, risk and special characteristics.
II.4.2
The Annual reports on the activity developed by the General and Supervisory Council, the Financial Issues
Committee, the Audit Committee and the Supervisory Board should be the object of disclosure in the
company’s Website, together with the documents of account submitted.
Yes
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II.4.3
The Annual Reports on the activity developed by the General and Supervisory Council, the Financial Issues
Committee, the Audit Committee and the Supervisory Board should include the description of the developed
supervisory activity, namely, eventually, any constraints found.
Yes
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II.4.4
The Financial Issues Committee, the Audit Committee and the Supervisory Board, according to the applicable
model, should represent the company, for all purposes, before the external auditor, being responsible, namely,
for proposing the supplier of those services and respective remuneration, making sure that the adequate
conditions for the supply of those services are provided within the company, as well as being the company’s
interlocutor and the first addressee of the respective reports.
No
II.4.5
The Financial Issues Committee, the Audit Committee and the Supervisory Board, according to the applicable
model, should assess the external auditor, on an annual basis and propose his/her compulsory resignation to
the General Meeting always when there is justified reason.
No
II.5.1.
Unless due to the reduced size of the company, the Board of Directors and the General and Supervisory
Council, according to the model adopted, must create the Committees deemed necessary in order to:
No
II.2
i) ensure a competent and independent appraisal of the executive directors’ performance and the appraisal of
their own global performance, as well as of the different existing Committees;
CHAPTER II
ii) reflect upon the adopted governance system, verify its effectiveness and propose execution measures to the
competent bodies, with the purpose of improving it.
II.5.2
The members of the Remunerations Committee or its equivalent should be independent in relation to the
members of the managing board.
No
II.19
II.5.3 All commissions should prepare minutes of any held meetings. Yes II.19
III.1.2
The companies should ensure a permanent contact with the market, observing the shareholders’ equality
principle and preventing asymmetries in the access to the information on the part of the investors. For that
purpose, the company should keep an Investor Support Office.
Yes
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