144
ANNEX I
REMUNERATION COMMITTEE
STATEMENT OF THE REMUNERATION COMMITTEE ABOUT THE REMUNERATION
POLICY FOR THE CORPORATE GOVERNING BODIES OF IBERSOL, SGPS, SA
TO BE SUBMITTED FOR APPROVAL BY THE GENERAL MEETING ON 30 APRIL 2015
Chairman
–
Dr.ª Alice de Assunção
Castanho Amado: € 1.333,44;
Vice-Chairman
–
Dr.ª Anabela Nogueira
de Matos: € 667,92;
Secretary
–
Dr.ª Maria Leonor Moreira
Pires Cabral Campello: € 333,36
b) The shareholder ATPS-SGPS, SA. provided admin-
istrative and management services to the Group
and in 2014 received from the investee Ibersol, Res-
tauração, SA. a total of 756,034.00 euros for such
services. One of the obligations of ATPS-Sociedade
Gestora de Participações Sociais, SA. under the ser-
vice agreement with Ibersol, Restauração, SA. is to
ensure that the directors of the Company António
Carlos Vaz Pinto de Sousa and António Alberto
Guerra Leal Teixeira perform their duties without
the Company having to incur additional expense.
The Company does not directly pay any remunera-
tion to any of its executive directors. Given that AT-
PS-Sociedade Gestora de Participações Sociais, SA.
is owned in equal shares by the directors António
Carlos Vaz Pinto de Sousa and António Alberto
Guerra Leal Teixeira, out of the abovementioned
total of 756.034,00 euros paid in 2014, each director
received the amount of 378.017,00 euros. The non-
executive member receives annual remuneration of
6.000,00 euros.
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 By-laws of the Company, the function of
this Remuneration Committee is to set the remu-
neration of the members of the corporate govern-
ing bodies.
2.
Under the applicable terms of the By-laws, the Re-
muneration Committee was appointed by the Gen-
eral Meeting 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
report 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 2014 was set at a fixed annual
amount, payable twelve times a year, having its mem-
bers earned the following annual remuneration: