Annual Report and Consolidated Accounts 2015
E. RELATED PARTY TRANSACTIONS
I. Control procedures and mechanisms
89. Mechanisms implemented by the Company for purposes of
monitoring of transactions with related parties (for this purpose
refers to the concept resulting from IAS 24)
The Audit Committee has approved the criteria for a previous evaluation of the
transactions between the Company and holders of qualified shareholdings or enti-
ties related to them, within the terms of art. 20 of the Securities Code, require prior
assessment. The criteria has been defined as a transaction value equal to five per
cent or more of the consolidated net assets of Ibersol SGPS, SA.
90. Statement of the transactions that were subject to
control in the reference year
No businesses or transactions were entered into that required such prior assessment.
91. Description of the procedures and criteria for intervention
by the Authority for the purpose of preliminary assessment of
the business carried out between the Company and holders of
qualifying holdings or entities that are in a relationship with
them, under Article 20. of CVM
The Audit Committee was not required to issue any opinion in 2015, given no liability
transactions were entered into that required its opinion.
The procedures for intervention by the Audit Committee in the preliminary assess-
ment of any business to be held between the company and holders of qualifying
holdings follows the rules of the respective Regulation of the Supervisory Board,
published in
;
II. Elementos relativos aos negócios
92. Location where the financial statements and the information
about transactions with subsidiaries can be found (in accordance
of IAS 24)
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