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Corporate Governance Report
ANNEX I
REMUNERATION COMMITTEE
REMUNERATION COMMITTEE’S STATEMENT
UPON THE STATUTORY BODIES
REMUNERATION POLICY OF IBERSOL, SGPS,
S.A. TO BE SUBMITTED TO THE ANNUAL
GENERAL MEETING THE 6
th
MAY 2013
1. According to the competence that is committed to this
Committee by the Shareholders General Meeting of Iber-
sol SGPS, SA., under the article 26.º n º 2 of the Association
Articles, this Committee has the responsibility to deter-
mine the statutory bodies member’s remunerations.
2. Under the applicable statutory terms, the Remu-
neration Committee was nominated by the 22nd April
2009 by the Shareholders General Meeting, being com-
posed by three members, who are independent mem-
bers from the management and supervisory compa-
ny’s bodies.
3. Complying with II.1.5.2 Recommendation of Corpo-
rate Governance Code of CMVM, the Remuneration
Committee submits to the appreciation of the Gen-
eral Meeting the following statement, regarding the
guide lines observed by this Committee over the re-
munerations of the Supervisory Bodies and the Board
of the General Meeting, according to the resolution
issued in 2009:
a) The Board of the General Meeting’s remuneration for
2012 was settled in an annual fixed amount issued
twelve moths a year.
b) The Shareholder’s Company ATPS-SGPS, SA, has ren-
dered management services to the Group, having
received from the affiliated company Ibersol, Restau-
ração, SA., for the rendered services, the amount of
756.034,00€ in 2012. Among the ATPS - Sociedade
Gestora de Participações Sociais, SA.obligations and
under the contract terms with Ibersol, Restauração,
SA. it is included the obligation of assuring that the
Company´s Board of Director’s members, António
Carlos Vaz Pinto de Sousa e António Alberto Guerra
Leal Teixeira perform their functions without any fur-
ther costs for the company. The Company does not
allow, directly, any payment to it’s executive board of
Director´s members. Being ATPS – Sociedade Gestora
de Participações Sociais, SA. held, in equal shares, by
the board of directors members António Carlos Vaz
Pinto de Sousa e António Alberto Guerra Leal Teix-
eira, from the mentioned amount of 756.034,00€ in
2012, it will correspond to each one of those board of
director’s members the amount of 378.017,00€. The
non executive member of the board obtained an an-
nual remuneration of 6.000€.
So, it is not possible to issue a declaration over the re-
muneration policy of the Company’s Board of Director’s
members, namely with the information referred to in
2nd article number 3 of 28/2009 Law.
c) The Statutory Audit Committee’s remuneration for
2012 was settled in an annual fixed amount, issued
twelve months a year, having the respective members
received the following annual remuneration:
