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
Therefore, there are no other relevant non-pecuniary benefits
in addition to those established by that Committee, which have
already been listed.
II.21. Indication of individual amounts which are to be
paid, irrespective of their nature, in case of duties
terminating during the mandate, when these exceed the
double of the fixed monthly remuneration.
No amounts are to be paid, irrespective of their nature, in case
of duties terminating during the mandate, when these exceed
the double of the fixed monthly remuneration.
II.22. Information on irregularities report policy adopted in
the company.
As for the irregularities report policy allegedly occurred, the
Company motivates the employees to report, by any means
deemed suitable – direct contact, written document, email or
by phone – the respective hierarchies of any detected
irregularities. People qualified to receive those reports are
their respective superiors (directors and people in charge of
operating centres and central directorates).
Whenever deemed necessary and suitable for the correct
finding (clearance) of facts and respective practice
responsibilities, the corresponding proceedings or
investigation shall be started, complying also with the
necessary report confidentiality when this is required by the
respondent or as such deemed necessary by the receiver
party, notwithstanding the non alignment with persecution
practices of no value for the organization.
The proceedings are followed up by the person in charge
for the department where the irregularity took place,
turning to the people not involved in those situations and, if
deemed necessary, to the judicial services and central
directorate of human resources and administrative
services.
The proceedings are subject to a decision by the involved
hierarchies and are reported to the Board of Directors and any
other entities to which this report is to be made in a
compulsory way.
In addition to the mentioned rules and especially from the
other stakeholders’ point of view, there is an Investor’s
Support Office available also for possible reports of
irregularities, as well as to the company’s other supervisory
bodies, such as the Supervisory Board and the Chartered
Accountants Company.
CHAPTER III
Information
Always within a philosophy of sobriety, accuracy, honesty and
sensationalism-free, the Company publishes in a complete,
true, current, clear, objective and licit manner, within the
timeframes and using the established disclosure means, not
only all the facts legally considered to be likely to be reported,
namely the ones integrated in the concept of “privileged
information”, established in article 248 of the Portuguese
Securities Market Code, but also the financial information and
the one regarding the activity, provided for by the rules in force,
both individual, and consolidated.
In addition to the below mentioned Investor Support Office, all
shareholders have at their disposal, within the legal terms and
timeframes, the business report, the accounts and other
elements of preparatory information which enable them to
attend, dully entitled, the works of the General Meetings of the
Company.
The Annual Reports on the activity developed by the
Supervisory Board, including the description of its supervision
activity mentioning occasional faced constraints, are the object
of disclosure on the Company’s website, together with the
documents of accounts settlement, always complying with the
rules and timeframes established by the law and other
regulations which apply.
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