Annual Report 2010 - AdP

Statutory Auditor
The Statutory Auditor is proposed by the Supervisory Board and elected by the General Meeting.
Under the terms of article 446, combined with paragraphs c), d), e) and f) of the Commercial Companies Act, it is the responsibility
of the Statutory Auditor to perform the following functions:
a) Verify that books and ledgers, accounting registers and supporting documents are in order;
b) Verify, whenever it deems such action convenient and by the means it considers appropriate, the extension of the cashbook and
the stock of any kind of goods or assets belonging to the company or received by way of guarantee, deposit or for some other end;
c) Verify the accuracy of financial statements;
d) Verify whether the accounting policies and valuation criteria adopted by the company lead to the correct evaluation of assets
and profit/loss.
Company Secretary
The Company Secretary and a reserve secretary are appointed by the Board of Directors. The Secretary serves during the mandate
of the governing bodies that appoint him or her. The Secretary can be reappointed for any number of mandates.
Under the terms of article 446º-B of the Commercial Companies Act, it is the responsibility of the Company Secretary to:
a) Act as secretary at meetings of governing bodies;
b) Draw up the minutes of meetings and sign them together with the members of the respective company bodies and the chairman
of the Board of the General Meeting, in the case of General Meetings;
c) File, store and keep in order the books and loose-leaves containing the minutes, attendance lists, the share registration book and
the files relating to them;
d) Send out the legal notices for meetings of all company bodies;
e) Certify the signatures of the members of company bodies on company documents;
f) Certify that all copies or transcripts extracted from the company's books or documents kept on file are truthful, complete and
up-to-date;
g) Meet, within the scope of its powers, any requests made by the shareholders regarding the exercise of their right to information
and to meet requests for information regarding resolutions of the Board of Directors or the Executive Board from members of
governing bodies;
h) Certify the full or partial content of the Articles of Association in force, as well as the identity of the members of the various
governing bodies, and the offices and powers they hold;
i) Certify updated copies of the Articles of Association, of resolutions by shareholders, by the Board of Directors and all current
entries in the company's books, while ensuring they are submitted or sent to the holders of shares who have requested them and
have paid the corresponding costs;
j) Authenticate, with his/her signature, all documentation submitted to the General Meeting and referred to in the minutes thereof;
k) Guarantee registration of corporate deeds subject to registration.
Governing Bodies Elected for the 2008-2010 Mandate
Board of the General Meeting
Chairwoman Ana Cristina de Menezes Pereira Paes Sequeira Rodrigues
Vice-Chairwoman Maria Fernanda Joanaz Martins
Secretary Manuel Bruno Rossi Ruano Gouveia Pereira
Board of Directors
Chairman Pedro Eduardo Passos da Cunha Serra
Member Justino Manuel Matias Carlos
Member António Manuel da Silva Branco
Member João Manuel Lopes Fidalgo
Member José Maria Martins Soares
Member Parcaixa, SGPS, S.A. represented by José Fernando Maia de Araújo e Silva
Member Parpública - Participações Públicas, SGPS, S.A. represented by Joaquim José de Oliveira Reis