ANNUAL REPORT 2016
According to article 23 of the Bylaws of the Company, for the General Meeting to be able to
meet and deliberate on first call, shareholders of shares representing more than fifty per cent
of the share capital must be present in person or by proxy. According to article 21.1 and 21.2
of the Bylaws, each share carries one vote and resolutions of the General Meeting shall be
adopted by simple majority, unless the law requires otherwise.
Article 22. 3 to 11 of the Company’s Bylaws contain rules on the exercise of voting rights by
post and there are no restriction on postal voting. The company provides postal voting forms
and informs of the necessary procedures to exercise this right. The form is available on the
company’s website at
. Under article 22.4 of the Bylaws, postal votes may be
received up to three days before the date of the General Meeting.
13. Maximum percentage of voting rights that may be exercised by
a single shareholder or shareholders which have with the Company
any relations of n.º 1 of Art. 20.º
There is no indication of the maximum percentage of voting rights that may be exercised by
any one shareholder or by shareholders who are in any of the situations described in said rule.
14. Resolutions which only may be taken by qualified majority
Shareholder resolutions are not subjust, under the Bylaws, to qualified majorities, unless such
a requirement is imposed by law. Thus, unless the law provides otherwise, resolutions of the
General Meeting shall be adopted by simply majority (art. 21.2 of the Bylaws);
II. MANAGEMENT AND SUPERVISION
a) Composition
Board of Directors
Chairman – António Alberto Guerra Leal Teixeira;
Vice-Chairman – António Carlos Vaz Pinto de Sousa;
Member – Juan Carlos Vázquez-Dodero de Bonifaz;
Audit Committee
Chairman - Joaquim Alexandre de Oliveira e Silva;
Vice-Chairman - António Maria de Borda Cardoso;
Member – Eduardo Moutinho Santos;
Substitute – Maria Helena Moreira de Araújo;
Statutory Auditor
- PriceWaterHouseCoopers & Associates – Sociedade de Revisores Oficiais
de Contas, Lda.
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