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

Management Report of the Board of Directors - Financial Year 2008
the Group, who provide crucial training, guidance and
information support.
As far as Human Resources are concerned, an effort was
made to minimize labour force inactivity, which decreased
considerably, coupled with a consistent policy of vocational
training and improved awareness of workplace health and
safety, providing the indispensable qualifications to face new
challenges that the Company is facing.
Teixeira Duarte worked hard to adjust the number of staff to
the activities carried out in the different sectors and markets.
In the year under review, staffing levels rose again, from an
average 10,717 to 13,157, in line with the expansion of
operations in the external market.
The Company continued to develop the organisation of the
Shared Services for accounting, finance and human
resources, which pursued the objective of increasing
efficiency and productivity in the tasks assigned to them,
while extending their activities to more companies and to
the new markets in which Teixeira Duarte Group operates.
The Central IT Directorate continued to respond to the
challenges posed by the Group’s growth and by the diversity
of business areas, creating and adapting new solutions with a
view to achieving continuous improvement in data processing
and quality.
Among the various projects, those carried out in Angola
deserve highlighting, mainly the one that allowed us to
include the Food Trade activity in the SAP platform, where all
the Group’s activities in that country are integrated.
The implementation of the Teixeira Duarte Group Portal was
a project considered to be very important and large, which is
intended to be extended to all staff and through which an
attempt is made to optimize the information and services
areas, creating a privileged medium for connecting the
Employees to the Company.
This is a dynamic and evolving process, where contents shall
be developed to incorporate data platforms, such as
INTRANET, as well as to include the numerous services
required to optimize internal communication and to speed up
the connection between the employees and the Company
and the use of workstations.
In the technology and communications infrastructures area,
the projects carried out focused on the reduction of
operational risks, on security and on the availability of IT
systems.
The various companies that integrate Teixeira Duarte Group
were encourage and supported to, whenever it was
convenient for their activity, start and complete the Quality,
Safety and Environmental certification processes, as well
as within the scope of Social Responsibility and Research,
Development and Innovation.
- CORPORATE OVERVIEW:
Besides fulfilling all its corporate obligations, mainly as a
company issuing tradable securities on a regulated market,
Teixeira Duarte also strictly complied with public disclosure
requirements, at different levels, related to corporate
information. This is in response to a growing interest of
several market agents in Teixeira Duarte Group.
Within this scope, we inform that the Annual General
Meeting of “TEIXEIRA DUARTE - Engenharia e
Construções, S.A.” Shareholders was held on 14 th May 2008,
with significant attendance by 77.4% of the holders of the
entire capital, who approved all the proposals submitted,
mainly those signed by the Board of Directors, including the
one regarding the ratification of the cooptation of Eng. João
José do Carmo Delgado, appointed by the respective Board
of Directors to fill the vacancy and to remain in office until the
end of the current mandate (2007/2010), owing to the
retirement of the former office holder, Eng. José Alves
Pereira, on 18 th June 2007.
Following the Annual General Meeting’s decision regarding
the allocation of profit, the subsequent formalities were fully
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