Annual Report 2010 - CMVM

Corporate Governance Report 2010to be paid under the terms and within the periods of time defined with the Board of Directors in accordance with the sensitivity andmonitoring of the business and activity of this Supervisory Body.The same Chartered Accountants Company also provides services, exclusively of the same nature, of legal review of accounts and auditing,to other entities integrated in the TEIXEIRA DUARTE Group, receiving from them the corresponding retributions, the overall value ofwhich is disclosed in the Corporate Governance Report.Gradually and since the alteration of the corporate model of Teixeira Duarte in 2007, following the reform of the Commercial CompaniesCode, the Supervisory Board has played an increasingly more active role in the monitoring of the work of the Chartered AccountantsCompany, and so this Board should be consulted to issue an opinion on the establishment of the remunerations of this CharteredAccountants Company.It is based on the remuneration policy presented above that this Committee specifically establishes the exact values of the remunerationsof the members of the indicated management and supervisory bodies of the company, in accordance with the personal opinionof their members, expressed in a deliberation drawn up in minutes and whose content is then communicated to the Board of Directorsfor implementation, under the strict terms defined therein.These values have been disclosed on an annual basis in the Corporate Governance Report to which reference is made for an assessmentof the implementation of the Remuneration Policy relative to the governing bodies of Teixeira Duarte.The Remuneration Committee of TD,SA plans to submit, for the assessment of the General Meeting, a statement on the policy of remunerationof the senior managers of the Company.II.31. Indication of the annual value of the remuneration received individually by the members of the management andsupervisory bodies of the company, including fixed and variable remuneration and, relative to the latter, mention of itsdifferent components, the portion deferred and portion already paid.In accordance with the above, the members of the management board of TD,SA did not receive any remuneration for the performance of theseduties during 2010.However, the abovementioned members of the Board of Directors received the respective remuneration for the performance of the same dutiesin TD-EC, former holding of the Group, that TD,SA later replaced as the leading listed company.Under these assumptions and taking into consideration that the members of the governing bodies will begin to receive the respective remunerationfor the performance of their duties at TD,SA and not at TD-EC, it is important to specify the remuneration received by each while stillin their capacity of members of the governing bodies of TD-EC, during the financial year of 2010.During 2010, the total value of the remunerations received collectively by the members of the Board of Directors was EUR 1,611,936.28, andthe remunerations received individually by the members of this body was as follows:114