Trend of Key Indicators - Efacec

The Board of Directors took the decision not to delegate powers concerning the areas listed below, in addition to
those that cannot be legally delegated, so that the Executive Committee must submit such matters to the Board of
Directors for approval:
a) the risk strategy and policy of the Company and the Efacec Group;
b) the approval of the Consolidated Strategic Development Plan;
c) the approval of the annual and multi-annual plans and budgets, particularly the Efacec Group’s Consolidated
Annual Budget and the periodic follow up of its execution;
d) the co-opting of Board Directors;
e) the request for the calling of General Shareholders’ Meetings;
f) the approval of the annual report and accounts to submit to the General Shareholders’ Meeting;
g) the approval of the half yearly and quarterly accounts;
h) the change of headquarters, under the terms laid down in the Company’s Articles of Association;
i) the approval of projects with respect to mergers, demergers and transformation;
j) the approval of signifi cant alliances and strategic partnerships in which the Group is involved, or changes
to key conditions of their terms;
k) the approval of important changes to the Group’s organisational model;
l) the approval of the global remunerations policy and benefi ts for Group employees;
m) the acquisition and disposal of shares in other companies and subscription to equity holdings;
n) providing personal or company pledges and guarantees by the Company.
The Board of Directors has limited the delegation of powers for the carrying out of certain acts within defi ned values,
in the following areas:
o) approval of investments: fi fteen million Euros;
p) approval of fi nancing operations: ten million Euros;
q) approval of commercial contracts relating to the current business year: twenty fi ve million Euros;
r) approval of the acquisition, disposal, exchange or pledging of immovable property or respective rights:
three million Euros;
s) approval of the granting of personal or company pledges and guarantees by other companies of the Group:
three million Euros;
t) acts relating to articles o) p) and r) not included in the budget: one million Euros.
Artur Fuchs (Director)
Responsible for the direct leadership and supervision of the Transformers, Energy Servicing and Switchgear Business
Units and the Market Units of the Central Europe Region and India Region, as well as Industrial Operations in the
Energy area (in Portugal and external markets) and the Supply Chain (raw materials and components) of the Efacec
Group.
Maria do Rosário Mayoral Robles Machado Simões Ventura (Director and CFO)
Responsible for the direct leadership and supervision of the Group’s Shared Services (at the corporate level and
in relation to the functional responsibility of the Market Units), including the areas of Administration and Finance,
Risk Management, Legal Matters, Centralised Purchasing and General Services, Financing, Taxation, Insurance and
Support Programmes, Information Technology, Operational Human Resources Management and Innovation, Quality
and Sustainability.
The Board of Directors also gave powers to members of the Executive Committee to bind the Company in the course
of executing, and as part of the delegation of, the management powers granted.
23
2009 Management Report and
Consolidated and Individual
Financial Statements