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
Notwithstanding what we referred above, there is no
delegation of competences by any of the governing bodies,
namely by the Board of Directors, in any specific Committees,
particularly in an Executive Committee.
This situation results essentially from the fact that the Board
of Directors is almost exclusively composed by executive
members, which, as it was previously referred in the
assessment of the corporate model (according to item II.1
above) means an operational effectiveness and proximity to
the issues under their responsibility, thus rendering
redundant and counterproductive any delegations within this
scope.
Nevertheless and despite the collegial exercise of the duties
under the Board of Directors’ responsibility, each member of
the Board was more specifically responsible for certain
functional areas or businesses, distributed, in general, as
follows:
- Eng. Pedro Pereira Coutinho Teixeira Duarte, Chairman of
the Board of Directors, acted within the Company’s
institutional representation scope and in a counselling and
supervision line, while all the other members of this Board with
functions of an executive nature, with a direct and daily
intervention in the current management of business and
activities;
- Dr. Pedro Maria Calainho Teixeira Duarte, with duties of
Chief Executive Officer in which he monitors the current
businesses of the Company and assures the execution of the
business resolutions of the Board, as well as the follow-up of
the management of holdings in “CIMPOR – Cimentos de
Portugal, S.G.P.S., S.A.”, “Banco Comercial Português, S.A.”
and “Banco Bilbao Vizcaya Argentaria, S.A.”
- Dr. João Salvador dos Santos Matias:
supervises the activities carried out by IT and Financial and
Accounting Central Directorates;
supervises the actions of Fuel Marketing sector developed in
the domestic market.
- Dr. Manuel Maria Calainho de Azevedo Teixeira Duarte:
supervises the actions of Hospitality Industry Real Estate
sectors in the domestic market;
supervises the actions regarding Relations with the Market;
supervises the activities of affiliates “TEDAL – Sociedade
Gestora de Participações Sociais, S.A.” and “TDCIM –
S.G.P.S., S.A.”;
supervises the activity of TDHOSP – Gestão de Edifício
Hospitalar, S.A.
supervises the management of holdings and/or monitors their
respective activities, in the companies “E.I.A. – Ensino,
Investigação e Administração, S.A.”, “JÚPITER – Industria
Hoteleira, S.A.”, “LONGAPAR, SGPS, S.A.” and “LONGAVIA –
Imobiliária, S.A.”
supervises the activities developed in Brazil.
- Eng. Joel Vaz Viana de Lemos:
supervises the activities carried out by “TEIXEIRA DUARTE –
Engenharia e Construções, S.A.” regarding Mechanical
Engineering and Formworks and Pre-stress Operation Centres
(COC) and the Equipment Directorate;
supervises the activities carried out by the Central Directorates
for Security, Quality and Environment, Human Resources and
Administrative Services, as well as Procurement;
supervises the activities of affiliates, such as “E.P.O.S. –
Empresa Portuguesa de Obras Subterrâneas, Lda.”,
“SOMAFEL – Engenharia e Obras Ferroviárias, S.A.” and
“OFM – Obras Públicas, Ferroviárias e Marítimas, S.A.”.
- Eng. Jorge Ricardo de Figueiredo Catarino:
supervises the activities carried out in Algeria and
Venezuela;
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