Corporate Governance Report
members of the corporate bodies in a gross fixed amount, paid in twelve monthly instalments
until the end of the year. In setting all remuneration, the general principles stated above were
observed: functions performed, situation of the Company and comparative criteria for equiv-
alent degrees of performance.
Oporto, April 28
th
2017.
Remuneration Committee,
Vítor Pratas Sevilhano,
Amândio Mendonça da Fonseca,
Don Alfonso Munk Pacin.
ANNEX II
BOARD OF DIRECTOR’S STATEMENT UPON
THE REMUNERATION POLICY OF IBERSOL, SGPS, S.A. DIRECTORS
1. According to the competence established under article 11º of IBERSOL, SGPS, SA. Asso-
ciation Articles, the Board of Directors has the responsibility to determine the general re-
muneration policy and incentives for the Company’s Directors positions and also, for all the
administrative and technician personnel.
2. Under the terms of number 3 of the article 248º-B Securities Code, Directors are, besides
Management and Supervisory Bodies members, those who have regular access to privileged
information and take part in the company’s decisions upon management and negotiation
strategy.
3. According to CMVM Recommendations upon publicly listed companies corporate govern-
ance, and to promote transparency, in order to comply with Recommendations of Corporate
Governance, the Board of Directors submits to this General Meeting this statement with the
guidelines observed to determine the mentioned remunerations, as follows:
a) The remuneration policy adopted for Ibersol’s Directors matches with the policy determined
to generality of the Company’s employees.
b) However, the Company’s Directors remuneration contains a fix remuneration and, an even-
tual performance bonus.
c) The evaluation of the performance quality and the performance bonus are established
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