132
CORPORATE GOVERNANCE REPORT
ANNEX I
REMUNERATION COMMITTEE
STATEMENT OF THE REMUNERATION COMMITTEE
ABOUT THE REMUNERATION POLICY FOR THE CORPORATE GOVERNING BODIES
OF IBERSOL, SGPS, S.A. TO BE SUBMITTED FOR APPROVAL BY THE GENERAL
MEETING ON 30 APRIL 2014
b) The shareholder ATPS-SGPS, SA. provides adminis-
trative andmanagement services to the Group and in
2013 received fromthe investee Ibersol, Restauração,
SA. a total of €756,034.00 for such services. One of
the obligations of ATPS-Sociedade Gestora de Partici-
pações Sociais, SA. under the service agreement with
Ibersol, Restauração, SA. is to ensure that the direc-
tors of the Company António Carlos Vaz Pinto de Sou-
sa and António Alberto Guerra Leal Teixeira perform
their duties without the Company incurring any addi-
tional expense. The Company does not directly pay
any remuneration to any of its executive directors.
Given that ATPS-Sociedade Gestora de Participações
Sociais, SA. is owned in equal shares by the directors
António Carlos Vaz Pinto de Sousa and António Alber-
to Guerra Leal Teixeira, out of the abovementioned
total of €756,034.00 paid in 2013, each director re-
ceived the amount of €378,017.00. The non-executive
member receives annual remuneration of €6,000.00.
In view of the above, it is impossible to issue a state-
ment on the remuneration policy of the members of
the governing body of the company, particularly not
a report containing the informationmentioned in art.
2.3 of Law 28/2009.
1.
Under the terms of the authority assigned to this
Committee by the General Meeting of shareholders of
Ibersol SGPS, SA. and under the terms of article 26.2
of the Bylaws of the Company, the function of this Re-
muneration Committee is to set the remuneration of
the members of the corporate governing bodies.
2.
Under the applicable terms of the Bylaws, the Remuner-
ation Committee was appointed by the General Meet-
ing of shareholders on 6 May 2013 and is made up of
three members, who are independent of the members
of the Company’s governing and audit bodies.
3.
The Remuneration Committee thus submits this re-
port for the consideration of this General Meeting
and for the purpose of adoption of Recommenda-
tion II.3.3 of the Corporate Governance Code of the
CMVM. The report contains the guidelines followed
by this Committee in setting the remuneration of the
members of the governing and audit bodies and the
Board of the General Meeting, as follows:
a) The remuneration of the members of the Board of
the General Meeting for 2013 was set at a fixed an-
nual amount, payable twelve times a year.
