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Corporate Governance Report
I.21. Main agreements in which the company is part
of that will come into force, if changed or ended in
cases such as a change in company’s control, as well
as related outcome, unless that disclosure measure,
by it’s nature, is highly damaging to the company,
except the company is specifically obliged to dis-
close such information by force of legal imperatives.
Franchise Contracts exist in the Company concern-
ing concession of the operation, under licence, of in-
ternational foodservice brands in which Ibersol, SGPS,
SA., figures as an accessory and warrant party for the
respective compliance, figuring the subsidiaries com-
panies a main party of those same contracts. They set
some limits on the change of control in Ibersol, SGPS,
SA., holding, as well as in companies with a dominant
position over Ibersol, SGPS, SA. Such limits, subject to
the necessary conditions of reasonability and contrac-
tual balance, basically consist of the duty of prior notice
and/or approval by those franchisors, as well as the pre-
vention of competition in the operational branch of the
mentioned foodservice brands.
I.22. Agreements between the company and the
Board of Director’s members and main Directors,
within the meaning of 248-B nº3 article of the Secu-
rities Code, that provide for compensation if they
resign or are discharged without a valid cause or if
their employment ceases following a change in com-
pany control.
There are no agreements between the Company and
the Board of Directors members and other main direc-
tors, as per section 3 of article 248-B of the Securities
Code, which envisage compensation should they resign,
be discharged without a valid cause, or if their employ-
ment ceases following a change in company’s control.
Chapter II
Management and Supervisory
Bodies
Section I – General themes
II.1.
Identification and composition of the corporate
bodies:
