Corporate Governance Report
88. Control mechanisms in any system of employee participation in
the capital
Not applicable.
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 entities 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 2016, given no liability trans-
actions were entered into that required its opinion.
The procedures for intervention by the Audit Committee in the preliminary assessment 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
;
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