Annual Report and Consolidated Accounts 2015
III. Remuneration Structures
69. Remuneration policy and performance assessment
The remuneration policy of the corporate governing bodies is approved by the
shareholders in General Meeting.
The General Meeting of shareholders held on 30 April 2015 approved the remunera-
tion policy already in force, which has been implemented consistently.
The remuneration policies and practices of other groups of companies are not used
as a benchmark in setting the remuneration of the members of the Board of Direc-
tors and Audit Committee and no policy has been established with regard to sever-
ance payments for directors, as indicated in the statement of the Remuneration
Committee attached to the Corporate Governance Report.
The remuneration policy for senior managers is described in the statement of the
Board of Directors attached to the Corporate Governance Report. The remunera-
tion of senior managers includes no major or material variable components.
The executive members of the Board of Directors are remunerated by the share-
holder ATPS-SGPS, SA, which has subscribed a contract for services with Ibersol
Restauração, SA.
The non-executive member receives a fixed annual remuneration and no other re-
muneration of any kind.
The total remuneration of the members of the Audit Committee for 2015 was as
follows: Chairman: 8,785.92 euros; Vice-Chairman: 8,785.92 euros; Member: 8,785.92
euros; and SROC: 41,583.31 euros.
70. Information about remuneration structure in order to align
the interests of members of the board with the long-term
interests of the Company as well as about the Company assess
and discourage excessive risk assumption
The directors’ remuneration policy is the responsibility of the Remuneration Com-
mittee, which will submit its proposals to the approval of the Company’s sharehold-
ers in the 2016 Annual General Meeting, in accordance with Annex 1.
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