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
The authenticity of the vote by post, its confidentiality up to the
moment of the voting and its processing shall be ensured by
the Chairman of the General Meeting Board.
Irrespective of the means chosen for that purpose, either in the
texts of the respective summons for the General Meetings or in
the previous information rendered available for that purpose,
all terms and conditions to exercise the voting right, including
the voting by post, are always clearly expressed.
required high operational security and reliability level at the
reception of the mentioned explanations of vote.
Weighting the above mentioned facts and also the fact that
Teixeira Duarte General Meetings usually has a very high
representation of the capital stock, has led the Company to not
implement the possibility of exercising the voting right by
electronic means.
I.9. Availability of a model to exercise the right to vote by
post.
For the implementation of the above mentioned procedures,
the Company renders available models of the letter and the
ballot paper, as well as the instructions for filling them up, on
its webpage and at its headquarters.
I.10. Time period required between the reception of the
explanation of the vote by post and the realization date of
the General Meeting.
The By-laws establish that shareholders with the right to vote
who want to exercise their right by post should send their letter
addressed to the Chairman of the General Meeting Board in
the company’s registered head office, within the period
established in the summons. The period established between
the explanation of the vote by post and the realization date of
the 2008 Annual General Meeting was one day.
I.11. Exercise of the voting right by electronic means.
Teixeira Duarte understands that the specific security
requirements inherent to the voting procedure are very high,
namely with regards, on the one hand, to the technical means
necessary to check the authenticity of the corresponding
explanations of vote, as well as to guarantee the integrity and
confidentiality of the respective contents. It also recognizes the
I.12. Information on the General Meeting intervention
concerning the company’s remuneration policy and job
performance appraisal of the governing body.
The General Meeting intervention regarding the company’s
remuneration policy and the job performance appraisal of the
members of the governing body takes place firstly by analyzing
and approving the documents of accounts at the Annual
General Meeting and through the general appreciation of the
governance, under the terms and with the purposes foreseen
in the joint provisions of articles 376 and 455 of the
Commercial Companies Code, done every year at the
shareholders meeting, as well as through the election of its
members and also, through the selection and appointment of
members of the Remuneration Committee, in accordance with
their job performance appraisal and other criteria described
further down, establishes the remuneration for each member of
the governing bodies, including the Board of Directors.
Furthermore, the General Meeting has the main role of
approving the remunerations policy statement that has been
followed and disclosed, annually, in the Corporate Governance
Report, submitted for the shareholders’ appreciation.
In 2008, the remuneration policy statement submitted for
appreciation was presented by the Board of Directors, within
the scope of its corporate governance report and not jointly by
the Remuneration Committee.
However, such statement was articulated with the principles
and rules applied by the Remuneration Committee to this
issue, namely taking in consideration the criteria and main
parameters for the job performance appraisal, in order to
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