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154
Corporate Governance Report
c) The Statutory Audit Committee’s remuneration
for 2011 was settled in an annual fixed amount,
issued twelve moths a year.
The general principles
observed are mainly
the legal ones, attending the activities effectively
performed by the mentioned members,
regarding the company’s economic performance
and the conditions that are generally attended
in equal positions. The functions in analyses
were considered taking in order each one of
those members and it’s effective activities,
having for evaluative parameter the degree of
responsibility which they are assigned to. So,
the functions consideration is meant in a wide
sense, attending to distinct factors, such as the
level of the committed responsibility, expended
time, and the value increased to the group by
it’s institutional performance. The company’s
dimension and the level of complexity related
to the nominated functions, is, also, a relevant
criteria. The consideration of all mentioned factors
and the evaluation of each one of them, allows us
to assure, not only the statutory body member’s
benefits, but also, namely, the company’s benefit.
The remuneration policy
submitted to the
shareholders complies with the criteria above
mentioned, consisting in an annual gross fixed
amount issuedmonthly to thementionedmembers
until the year-ends results. In the settlement of
the remunerations, the general principles above
described were attended: functions performed by
them, company’s performance and comparative
criteria to equal level functions.
Oporto, March 16th, 2012
Remuneration Committee,
Vítor Pratas Sevilhano
Amândio Mendonça da Fonseca
Don Alfonso Munk Pacin