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ANNUAL REPORT AND CONSOLIDATED ACCOUNTS 2012
plexity, in relative terms, will be one of the significant
aspects.
II.33. Concerning the remuneration of the Board of
Directors executive members :
a) Reference to the fact that the executive director’s
remuneration includes a variable component and
information on how this component depends on
the performance evaluation;
- Not applicable;
b) Indication of the society’s organs with the com-
petency to conduct the evaluation of executive’s
board of directors performance;
- The Remuneration Committee evaluates the men-
tioned performance;
c) Indication of the predetermined criteria for the
evaluation of the executive’s board of director’s
performance;
- Not applicable;
d) Explanation of the relative importance of variable
and fixed components of remuneration of Direc-
tors, as well as an indication of the maximum lim-
its for each component ;
- Not applicable;
e) Indication of the deferment of payment of the
variable remuneration component, specifying
the period of deferral;
Not applicable.
f) Explanation on how the payment of variable com-
pensation is subject to continued positive perfor-
mance of the company during the period of deferral.
Not applicable.
g) Sufficient information about the criteria on which
the variable remuneration in shares, as well as
on the maintenance, by the executive members,
the shares of the society they have entered on
any contracts relating to such shares, including
contracts hedging (hedging) or risk transfer, its
boundary and its relation to the face value of to-
tal annual remuneration;
Not applicable, since it does not appear to apply these
criteria, and no variable remuneration or any criteria for
retention of company shares, and / or any type of con-
tracts such as the above described.
h) Sufficient information about the criteria on which
the award of variable compensation in options
and indicate the period of deferral and the exer-
cise price;
- There is no variable remuneration.
I ) Identification of main parameters and rationale
for any annual bonus scheme and any other non-
cash benefits;
- Not existent;
j) Remuneration paid in the form of profit sharing
and / or bonus payments and the reasons why
such premiums and / or participation in profits
were allowed.
- There is no such type of compensation.
l) Compensation paid or owed to former executive
directors following the termination of his duties
during the year;
- There were not been paid or were owed any damages
to former executive for the cessation of functions dur-
ing exercise.
m) Reference to contractual limitation provided for
compensation to pay for dismissal without just
cause of the board of directors member’s and its
relationship with the variable component of re-
muneration;
- There is no contractual limitation provided for com-
pensation to pay for dismissal without just cause of the
board of director’s member’s, and it doesn’t also exist
the indicated relationship with the variable remunera-
tion component (this component variable is not con-
tractually stipulated).
n) any amounts paid out by other companies in a
control or group relation;
- There are no other amounts paid in any way by other
companies in a control or group relation. As indicated
in Chapter 0, Section 04. II.1.5.1, society Shareholder
ATPS - Sociedade de Participações Sociais, SA. pro-
