Annual Report 2010 - CMVM

Management Report of the Board of Directors 2010During the year under analysis, the processes were continued for obtaining, monitoring or renewing Management System certificationsof the different companies of the Group, in the fields of Safety, Quality, Environment, Social Responsibility and Research, Development andInnovation.In this context, it is appropriate to mention the objective of the Teixeira Duarte Group in pursuing the development of the concept of Sustainability,which, on the one hand, implies the 32.99 of the different aspects of procedures and their systematisation throughout the various structurescomprising the entities of the Group and, on the other hand, will enable the Teixeira Duarte Group to have its own sustainability report, constitutingan instrument recognised in the market and certifying respect for the sustainability criteria as well as the future commitments undertaken in thisarea.The Central IT Department has optimised the Information Systems, achieving notable improvements in the more efficient use of thepotential of the SAP platform, extending its use to new companies, some of which are situated in new geographical areas and different marketsegments, with the objective of achieving the overall coverage of the Group's businesses.Technical conditions were created for the remote use of the existing platforms, enabling further adaptability of the resource use and improvedproductivity through the use of the synergies of operation.Focus was maintained on the security of the systems and the monitoring effort was intensified, with the objective of minimising operatingrisks and ensuring a high level of availability.Particular attention was given to the resizing and renewal of the existing communication networks, with the final decision having beenmade to implement a unified voice and data network, capable of ensuring greater flexibility, security and maintenance simplicity. Theimplementation process will take place next year.The Corporate Portal showed an notable evolution with the addition of new functionalities and applications, contributing to greater fluidity inthe circulation of information, and progressively becoming a collaborative work platform, able to contribute effectively, amongst others, to theminimisation of the impact of geographical barriers.- CORPORATE OVERVIEW:In the area of compliance with all the corporate obligations, namely as an entity issuing tradable securities on regulated markets, note shouldbe made of the public disclosure of a great variety of information by TD,SA in 2010.- Alterations to the Board of Directors:The Board of Directors of TD,SA, initially composed of 8 members, is currently composed of only seven members, following the resignationfrom the position of Director presented by Mr. João Salvador dos Santos Matias, on 23 February 2010, due to completing the age of 65, andwho is now a member of the group of Coordinators/Consultants, formed by employees who have provided many years of good serviceto the Group.- Corporate Restructuring:Note should be made of the development of the Group's corporate restructuring process, started on 17 December 2009, the main objectives ofwhich are the essential concentration of TD-EC in its core business activity, that is, the exercise of the civil construction and public works industry,in all its areas and related activities, and its replacement by TD,SA as the leading listed company of the Group.20