140
RECOMMENDATIONS
(July 18
th
2013 Corporate Governance law in
)
Details of the
adoption of the
recommendation
II.2.5.
The Audit Committee, the General and the Supervisory Board and the
Audit Committee decide on the work plans and resources concerning the in-
ternal audit services and services that ensure compliance with the rules ap-
plicable to the company (compliance services), and should be recipients of
reports made by these services at least when it concerns matters related to
accountability, identification or resolution of conflicts of interests and detec-
tion of potential illegalities.
Adopted
Part I
Numbers 38., 49.,
50., 54. and 55.
of this Corporate
Governance Report
II.3. REMUNERATION SETTINGS
II.3.1.
All members of Remuneration Committee or equivalent should be inde-
pendent from the executive board members and include at least one member
with knowledge and experience in matters of remuneration policy.
Adopted
Part I
Numbers 67. and 68.
of this Corporate
Governance Report
II.3.2.
Any natural or legal person that provides or as provided services in the
past three years, to any structure under the board of directors, the board of
directors of the company itself or who as a current relationship with the com-
pany or consultant of the company, shall not be hired to assist the Remunera-
tion Committee in the performance of their duties. This recommendation also
applies to any natural or legal person that is related by employment contract
or provision of services with the above.
Adopted
Part I
Number 67.
of this Corporate
Governance Report
II.3.3.
A statement on the remuneration policy of the management and super-
visory bodies referred to in Article 2 of Law No. 28/2009 of 19 June, shall also
contain the following;
d) Information regarding the enforceability or unenforceability of payments for
the dismissal or termination of appointment of board members.
Adopted
Part I
Number 69.
of this Corporate
Governance Report
II.3.4.
Approval of plans for the allotment of shares and/or options to acquire
shares or based on share price variation to board members shall be submitted
to the General Meeting. The proposal shall contain all the necessary informa-
tion in order to correctly evaluate said plan.
Not applicable
Part I
Numbers 70. and 73.
and 85. of this Corporate
Governance Report
II.3.5.
Approval of any retirement benefit scheme established for members of
corporationmembers shall be submitted to the General Meeting. The proposal
shall contain all the necessary information in order to correctly evaluate said
system.
Not applicable
There are no approved
or submitted for
approval by the General
Assembly any systems
of retirement benefits
established for members
of governing bodies
