Annual Report and Consolidated Accounts 2015
V. EXTERNAL AUDITOR
42. Identification
The external auditor is PriceWaterHouseCoopers and Associates, SROC, registered
with the Securities Market Commission under no. 9077, represented by Dr. Hermínio
António Paulos Afonso or Dr. António Joaquim Brochado Correia.
In 2015 it was represented by Dr. Hermínio António Paulos Afonso.
43. Permanence of Functions
The external auditor was elected for the first time in 2005 and this is its second
term of office.
The partner who represents it has been acting as representative since 2011.
44. Policy and frequency of rotation of the external auditor
and its partner
The external auditor and the partner who represents it in this role are in their
second consecutive term of office. The external auditor is elected by the General
Meeting at the proposal of the Audit Committee and the need for a change of ex-
ternal auditor will be assessed based on best practices in corporate governance
at the time of the proposal for a new term of office.
The Supervisory Board adopted the recommended principle only not to make
the rotation of the external auditor at the end of two terms of four years con-
tinuously functions, if, after making a careful assessment, has concluded that the
maintenance functions, in addition to that period, does not interfere or prejudice
the necessary independence of the external auditor, or the level of quality that
the functions should be exercised, ensuring instead monitor the company by that
supervisory body, with the level of knowledge and depth already acquired – v.d.
proposal of the Supervisory Board 5/4/2013 on the appointment of ROC attached
to the proposal presented on point 7 of the General Meeting Call for May 6, 2013
– in
.
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